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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $116.56
- 3 Days on Market
- MLS # : 6182667
- Updated Date : 01/22/2021 at 18:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,754 sqft
- Baths : 3 full
Listing Agent
Home Centric Real Estate, Llc
Listing Agent's Description
Nestled in the beautiful Rancho Mirage, this two story home has it all!! 3 car garage, RV gate, Split floor plan with a formal living room that could be used as formal dining, breakfast room, 4 bed, 3 bath, large loft, lovely den that can easily be converted into the 5th bedroom, and a cozy family room adjacent to kitchen. There is a bedroom and 1 full bath downstairs perfect for guests! Gorgeous kitchen showcases island for prep & breakfast bar, pantry, high-end appliances, and plenty of cabinet/counter space. The big master suite has its own master bath ensuring a very private space. Master bath features separate tub/shower, dual sinks, and walk-in closet. Fabulous backyard has covered patio, grass area, and palm trees. Think of the backyard fun & bbq's. Hurry it won't last
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,115 |
| Property Tax | -$300 | |
| Property Insurance | -$81 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$76
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$321,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| 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
$90,815
LOAN DETAILS
$1,115
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,250 |
| Loan Amount | $240,750 |
6.33
YEARS SAVED
$23,402
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$2,194
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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37855 W Merced Street Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,770
- $0.64
-
18299 N Alicia Court Maricopa, AZ 1
- 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,325
- $0.55
-
37981 W Montserrat Street Maricopa, AZ 3
- 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
-
37955 W Montserrat Street Maricopa, AZ 4
- 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,500
- $0.94
PROPERTY LISTING DETAILS
Home Centric Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182667
Last Updated: 01/22/2021
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.
