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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $154.01
- 2 Days on Market
- MLS # : 6197003
- Updated Date : 02/20/2021 at 19:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,272 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
FEELS BRAND NEW! Come fall in love with this Modern 4 bedroom, 2 bath, single level Home nestled in a quiet master planned community. Walk through the front door and it's much larger than you would imagine with a vaulted ceiling and formal living and dining rooms. The Kitchen is the center of the Home featuring a breakfast room, custom white cabinetry, neutral countertops, Stainless Steel appliances, smooth glass cooktop and breakfast bar overlooking your family room, perfect for movie night.. PASS THE POPCORN!! ALL the attention to detail in ALL the right places.. fresh paint, tile and wood laminate flooring and tons of natural light, this home will please your pickiest buyer!! The large Master Suite features a double vanity, NEW subway tile shower with seamless glass and a soaking tub.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$209 | |
| Property Insurance | -$71 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$126
|
||
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.
$349,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
7.5
YEARS SAVED
$32,794
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,960
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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LEASED 11/22/19- Rent
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- $1,695
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- 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,995
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LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.84
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197003
Last Updated: 02/20/2021
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.
