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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $276.02
- 4 Days on Market
- MLS # : 6174697
- Updated Date : 01/07/2021 at 16:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,576 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Location! Enjoy resort-style living at this highly sought-after master-planned community-The Villages of Aviano in Desert Ridge! This stunning 3 bedroom/2 bathroom is a former model home that has modern upgrades throughout. The functional floorplan offers a split master suite w/dual sinks, spacious walk-in closet & ample cabinets. Gourmet kitchen w/upgraded stainless steel appliances & quartz countertops.This home boasts Maple Espresso Cabinetry throughout, tile flooring in all the right places. Ceiling fans in every room, ceiling speakers for TV/music, extra storage, relaxing patios, Epoxy garage floor. 2 resort-style pools, basketball, tennis, volleyball courts, rock climbing wall, walking & biking trails & parks. Walking distance to nice schools, restaurants, DR Marketplace & City North
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PRICE & RENT TRENDS
Neighborhood: Villages at Aviano Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages at Aviano Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$274 | |
| Property Insurance | -$58 | |
| HOA | -$387 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$179
|
||
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.
$435,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
2.5
YEARS SAVED
$8,452
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$2,139
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
-
3935 E Rough Rider Road #1325 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,150
- $1.36
-
3935 E Rough Rider Road #1264 Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,950
- $1.27
-
3935 E Rough Rider Road #1292 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.33
-
3935 E Rough Rider Road #1348 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2017
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,150
- $1.40
-
3935 E Rough Rider Road #1376 Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2018
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.43
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174697
Last Updated: 01/07/2021
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.
