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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $137.84
- 5 Days on Market
- MLS # : 6166820
- Updated Date : 12/02/2020 at 16:33
CONSTRUCTION
- Beds : 5
- Floor Size : 3,591 sqft
- Baths : 3 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Don't' miss this spacious two-story home in Tramonto! This home has been refreshed with new interior paint and new carpet. Formal living room off the entry and a family room opens to the kitchen at the back of the home. The kitchen features Quartz countertops, an island and built in desk area and stainless steel appliances including double ovens. The primary bedroom has a full ensuite bathroom with dual sinks, a separate shower and tub, and a walk-in closet. All bedrooms are spacious. The backyard boasts a covered patio extended with pavers for outdoor furniture and a BBQ, fenced pool with a water feature and umbrella mounts. Close to lots of shopping and dining, parks, golf, hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$296 | |
| Property Insurance | -$97 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$495,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
3.75
YEARS SAVED
$20,632
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,289
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
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- $2,200
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- 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004
LEASED 12/22/19- Rent
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- $2,300
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,400
- $0.72
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166820
Last Updated: 12/02/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
