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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $108.70
- 3 Days on Market
- MLS # : 6196712
- Updated Date : 02/20/2021 at 17:41
CONSTRUCTION
- Beds : 4
- Floor Size : 3,174 sqft
- Baths : 2 full , 1 half
Listing Agent
Mena & Associates Realty
Listing Agent's Description
Tartesso beauty in cul-de-sac ready for you to call home!. Are you working from home? This house offers the space you need for a large family, work from home, online school, and family gatherings. No need to wait 8-12 months for a new build.
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PRICE & RENT TRENDS
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$234 | |
| Property Insurance | -$89 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$345,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.58
YEARS SAVED
$21,627
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.55
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
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3577 N 292nd Drive Buckeye, AZ 3
- 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $0.55
-
29946 W Avalon Drive Buckeye, AZ 1
- 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2007
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LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,599
- $0.53
-
3022 N Lainey Lane Buckeye, AZ 2
- 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006
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LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,725
- $0.60
-
3445 N 301st Drive Buckeye, AZ 4
- 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2006
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,900
- $0.61
PROPERTY LISTING DETAILS
Mena & Associates Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196712
Last Updated: 02/20/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
