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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $226.34
- 3 Days on Market
- MLS # : 6167339
- Updated Date : 12/03/2020 at 23:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,430 sqft
- Baths : 2 full
Listing Agent
Premier Edge Realty, Llc
Listing Agent's Description
BEAUTIFUL SINGLE LEVEL HOME ON 1.42 ACRES within approximately a quarter-mile of the Sonoran Desert Preserve. Hike, bike, walk, and ride horses to your heart's content. Cozy up in the large great room with 14' ceilings and a corner fireplace powered by propane from a simple tank AND enjoy spectacular views with mountains and desert all around. The entry great room, & dining room all have 14' ceilings which make the area seem majestic. The dining room is a large enough area for a table to sit 10-12 people comfortably. Gorgeous custom built knotty alder cabinets throughout the home, even in the laundry room. The kitchen eating bar is large enough to fit several bar stools comfortably. All new appliances in 2019, plus updated granite countertops, disposal, & granite composite sink in 2020
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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 | $2,130 |
EXPENSES | Loan Payment | -$2,029 |
Property Tax | -$429 | |
Property Insurance | -$75 | |
Property Management Fees | -$99 | |
CASH FLOW
-$501
|
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.
$550,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.39%
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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $137,500 |
Loan Amount | $412,500 |
1.33
YEARS SAVED
$4,074
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,968
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Premier Edge Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167339
Last Updated: 12/03/2020

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.