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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $169.47
- 2 Days on Market
- MLS # : 6182009
- Updated Date : 01/16/2021 at 18:08
CONSTRUCTION
- Beds : 4
- Floor Size : 3,629 sqft
- Baths : 3 full
Listing Agent
Century 21-platinum Real Estate
Listing Agent's Description
Stunning upgraded home nestled in the heart of Seville. 4 bedrooms, den, huge loft ,full game room & 3 baths. This home has it all!! Enjoy your summer nights by the pool with no neighbors behind. Gorgeous living room with a wall of glass that opens into the backyard. Private master bedroom downstairs. Kitchen boasts granite counters, long breakfast bar, upgraded cabinets, island, gas appliances and a roomy pantry, eat in kitchen , 3 bedrooms are upstairs with a very large loft with faux wood floors. Separate den downstairs in the center of the house. Game room is at the front of the house downstairs. Could be made into a media room because of it's length. Other upgraded features are plantation shutters, Iron banister, screened porch, garage cabinets and a larger private lot
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PRICE & RENT TRENDS
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$429 | |
| Property Insurance | -$98 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$195
|
||
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.
$615,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$168,725
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
3.58
YEARS SAVED
$19,469
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,640
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,750
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PROPERTY LISTING DETAILS
Century 21-platinum Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182009
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
