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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $168.04
- 5 Days on Market
- MLS # : 6174193
- Updated Date : 12/24/2020 at 12:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,458 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
Welcome to the beautiful community of Tartesso. This home is a gem. The first thing you'll notice is the great curb appeal and the attractive yet easy to maintain landscaping. The property has been very well maintained and is in immaculate condition. It offers 3 spacious bedrooms with ceiling fans. The master bath has a double sink vanity, walk in closet, and private toilet room. The kitchen boasts beautiful upgraded cabinets with lots of storage space, pantry, granite countertops, and island with breakfast bar. Cozy back yard with covered patio and plenty of room to relax or entertain. You don't want to miss out on this beauty so hurry and come take a look before it's gone! You won't be disappointed.
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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 | $1,470 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$166 | |
| Property Insurance | -$56 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$161
|
||
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.
$245,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.60%
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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
8.58
YEARS SAVED
$33,356
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,476
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/01/20- Rent
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- $1,550
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174193
Last Updated: 12/24/2020
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.
