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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $161.49
- 3 Days on Market
- MLS # : 6193440
- Updated Date : 02/14/2021 at 00:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,093 sqft
- Baths : 2 full , 1 half
Listing Agent
Serene Living Az
Listing Agent's Description
This is a fantastic opportunity to own a gorgeous two-story property in Cambria Ocotillo! Step inside to discover a fabulous floor plan with high ceilings in the living area, neutral two-tone paint T/O, tons of natural light and a den/office downstairs. The immaculate kitchen is a chef's dream with staggered cabinets, high-end SS appliances, pantry, solid surface countertops, and a two-tier island. The master suite has a full bathroom with all the must-haves and walk-in closet. Three spacious secondary bedrooms upstairs and a convenient built-in desk. Large backyard with covered patio is ideal for hosting fun gatherings or just enjoying a weekend with your loved ones. True RV Gate with cement pad for your toys. 3 Car Tandem Garage for additional storage.
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PRICE & RENT TRENDS
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,174 |
| Property Tax | -$180 | |
| Property Insurance | -$68 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$81
|
||
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.
$338,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| 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
$95,320
LOAN DETAILS
$1,174
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,500 |
| Loan Amount | $253,500 |
4.33
YEARS SAVED
$13,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,570
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
39920 N Vincenza Street San Tan Valley, AZ 2
- 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,490
- $0.71
-
1730 E Maddison Circle San Tan Valley, AZ 1
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2004
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,475
- $0.71
-
1552 E Maddison Circle San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2005
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.72
-
39405 N Marla Circle San Tan Valley, AZ 4
- 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2005
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,545
- $0.76
-
40331 N Parisi Place San Tan Valley, AZ 5
- 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2003
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
PROPERTY LISTING DETAILS
Serene Living Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193440
Last Updated: 02/14/2021
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.
