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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $157.59
- 5 Days on Market
- MLS # : 6188354
- Updated Date : 02/03/2021 at 22:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,094 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This energy efficient popular 'Pinnacle' plan features 4 bedrooms, 2 bathrooms and a 2-car garage Walking distance to parks and school. 9' ceilings throughout creating an open and inviting concept that will flow directly to the large multi sliding glass door...Perfect indoor/outdoor living. Designer selected finish includes espresso cabinetry, 3 cm granite countertops, stainless steel appliances, tile throughout living area, and plush carpet in the bedrooms.
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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 | $1,550 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$224 | |
| Property Insurance | -$68 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$71
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$330,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.47%
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) | 3.00% |
| 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
$89,450
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
4.17
YEARS SAVED
$12,741
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,775
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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3771 N 293rd Drive Buckeye, AZ 1
- 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,550
- $0.74
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29779 W Whitton Avenue Buckeye, AZ 2
- 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,600
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29421 W Mitchell Avenue Buckeye, AZ 3
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,800
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-
29412 W Weldon Avenue Buckeye, AZ 4
- 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
LEASED 01/13/21- Rent
- Rent Per SQFT
- $1,825
- $0.87
-
3713 N 292nd Lane Buckeye, AZ 5
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.90
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188354
Last Updated: 02/03/2021
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.
