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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $186.02
- 3 Days on Market
- MLS # : 6174055
- Updated Date : 12/25/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,360 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Spacious 4 bed, 3 bath house plus a loft, vaulted ceilings, and the whole place was just remodeled (see list in Documents tab). Downstairs has all tile & laminate flooring and a downstairs bedroom. New paint for the entire interior. New carpeting in upstairs bedrooms. Kitchen has white cabinets with granite counters and Energy Star appliances. Fridge, washer & dryer all convey. New dual pane Low-E windows downstairs provide plenty of light while keeping the heat outside. Great backyard with covered patio and pool to keep you cool in the Arizona heat. Propane tanks (which convey) provide for the heated hot tub and fireplace to keep you warm in the colder months. Solar lease price is locked in to save a LOT on electric bill and has even given owner credit back in the cooler months. Great
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PRICE & RENT TRENDS
Neighborhood: San Marcos Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Marcos Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,620 |
| Property Tax | -$256 | |
| Property Insurance | -$73 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$36
|
||
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.
$439,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$122,085
LOAN DETAILS
$1,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
5.75
YEARS SAVED
$33,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,095
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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400 S Jay Street Chandler, AZ 3
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- Rent
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- $2,120
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1270 W Flintlock Way Chandler, AZ 1
- 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998
LEASED 07/17/20- Rent
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- $1,995
- $0.79
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805 W Toledo Street Chandler, AZ 2
- 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1984
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,050
- $0.85
-
1680 W Saragosa Street Chandler, AZ 4
- 5 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997 5 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,195
- $0.96
-
854 W Whitten Street Chandler, AZ 5
- 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 2005
LEASED 02/25/20- Rent
- Rent Per SQFT
- $2,450
- $0.95
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174055
Last Updated: 12/25/2020
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.
