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3733 W Bingham Drive 
New River, AZ
85087
5 Beds 4 Baths 3,818 sqft
Built 2012
INVESTimate
$535,000
List Price
$147,525
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $140.13
- 3 Days on Market
- MLS # : 6121986
- Updated Date : 08/24/2020 at 16:32
CONSTRUCTION
- Beds : 5
- Floor Size : 3,818 sqft
- Baths : 3 full , 1 half
Listing Agent
Congress Realty, Inc.
Listing Agent's Description
This beautiful 5 bedroom, 3.5 bath offers amazing views and pride of ownership from original owners. The backyard offers a 23,000 gallon, 8 ft deep Pebble Sheen salt water pool with waterfall, slide, and spa, as well as a 8 speaker music system throughout the yard. No need to mow as the yard includes K9Grass for any four legged friends. Mounted TV on the patio is included, as well as storage shed. And don't forget the views, you will never have to stare at a block wall again. The home was constructed in 2012 and designed to be energy efficient with 2x6 construction, foam insulation, and solar panels. Ecobee thermostats installed to take control of your energy consumption. Kinetico soft water system and Reverse Osmosis system included with R/O line running to refrigerator.
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,974 |
| Property Tax | -$429 | |
| Property Insurance | -$102 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$477
|
||
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.
$535,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$147,525
LOAN DETAILS
$1,974
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
1.25
YEARS SAVED
$3,680
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
-
$2,456
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
3733 W Bingham Drive New River, 1
- 5 beds 4 baths ∙ 3,818 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,818 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
42812 N 45th Lane Anthem, 2
- 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
![property image]()
LEASED 01/20/20- Rent
- Rent Per SQFT
- $2,300
- $0.64
-
4536 W Judson Drive New River, 3
- 6 beds 4 baths ∙ 3,968 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,968 Sqft ∙ Built 2006
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,395
- $0.60
-
42912 N 46th Avenue New River, 4
- 6 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 6 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
![property image]()
LEASED 03/15/19- Rent
- Rent Per SQFT
- $2,500
- $0.69
PROPERTY LISTING DETAILS
Congress Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121986
Last Updated: 08/24/2020
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.
