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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $294.34
- 2 Days on Market
- MLS # : 6196864
- Updated Date : 02/20/2021 at 02:04
CONSTRUCTION
- Beds : 2
- Floor Size : 1,342 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
BETTER THAN BRAND NEW! Never before lived in Muros in the Resort Collection of Encanterra! This home comes with BRAND NEW Bosch refrigerator, stackable washer and dryer, and ALL the WINDOW COVERINGS!! MOVE IN READY!! It has so many upgrades we can't even list them all here but here are the big ones: Wood plank tile throughout entire home, upgraded white cabinets, high end appliance package, granite in kitchen and master, Custom TILE SHOWER, and the list goes on!! This PREMIUM end lot has view of green outdoor spaces from every window! This home is so bright and airy you'll feel right at home the minute you walk through the door! And then there's the WORLD CLASS clubhouse and immaculately maintained golf course and grounds making you feel like you're always on vacation! Welcome Home!!
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PRICE & RENT TRENDS
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$216 | |
| Property Insurance | -$53 | |
| HOA | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$286
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$395,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.24% |
| 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
$106,675
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
1.83
YEARS SAVED
$4,667
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,767
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $1,610
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1602 E Azafran Trail San Tan Valley, AZ 1
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LEASED 09/27/19- Rent
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- $1,599
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631 E Myrtle Pass San Tan Valley, AZ 3
- 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.32
-
943 E Cobble Stone Drive San Tan Valley, AZ 4
- 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 2017
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,900
- $1.41
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196864
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.
