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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $210.20
- 2 Days on Market
- MLS # : 6187843
- Updated Date : 01/30/2021 at 17:53
CONSTRUCTION
- Beds : 5
- Floor Size : 3,687 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Incredible 3687 sf, Territorial custom home on over an acre that offers a private 1000+ sf 1 bedroom 1.5 bath guest quarters with full kitchen, private entrance, 1 car gar + 4 slab pkg spots &it's own private fenced yard. The main residence has 4 car gar, (split 2&2 on each end of the house) 4 bdrms,3 baths, lg great room w/kitchen, gas stone fireplace, new stone flooring, granite countertops, beautiful cabinets. The split Master bedrm has a see through fireplace, huge master bath, large walk-in closet, private covered patio w pavers. Plantation shutters through out home and guest house. Fenced backyard could be a riding arena with room for horse set up. There is an air-conditioned dog house, a 20x48 RV metal garage, 2 RV hook ups w septic. Home has a new well (2021) servicing 4 homes
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,390 |
| EXPENSES | Loan Payment | -$2,692 |
| Property Tax | -$538 | |
| Property Insurance | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$775,000
PROJECTED PRICE
$3,390
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$211,125
LOAN DETAILS
$2,692
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
5.08
YEARS SAVED
$40,340
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
-
$3,208
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
37405 N 16th Street Unincorporated County, AZ 1
- 5 beds 5 baths ∙ 3,687 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,687 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
38241 N 3rd Street Phoenix, AZ 2
- 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,895
- $0.87
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187843
Last Updated: 01/30/2021
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.
