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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $190.62
- 2 Days on Market
- MLS # : 6165589
- Updated Date : 11/28/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,282 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
A rare find on one of the most quiet streets in Verrado. This one level, 3 bedroom home has a fabulous pool and wonderful garage cabinets. Lovingly fixed up and refurbished, this home has completed the following work in 2020: New Hot water tank, Kitchen plumbed for gas, exterior painted, most of the interior painted, Yard watering system drip all new and much more. 4 parks within a short few block walk, a large wash to run your dog, the town of Verrado, gym, K-12 schools, grocery shopping, CVS, 3 eateries, golf and more all within 4 blocks. Bring your street legal golf cart or razor, you will get plenty of use out of it. The 303 and I-10 freeways are both within a few minutes drive and over 2 million feet of retail and office space zoned in total for construction. Come see it all!
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,605 |
| Property Tax | -$404 | |
| Property Insurance | -$72 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$436
|
||
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
$1,860
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
0.67
YEARS SAVED
$1,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,054
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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- $2,350
- $0.95
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165589
Last Updated: 11/28/2020
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.
