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INVESTimate
$285,000
List Price
$81,275
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $223.00
- 2 Days on Market
- MLS # : 6122236
- Updated Date : 08/25/2020 at 14:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,278 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Stunning renovated (2020) open floorplan 2 story in North Canyon Ranch! This beautifully updated home offers custom butcher block countertops, herringbone wood look tile floor, and a custom feature fireplace. Minutes away from fantastic restaurants, entertainment and the Shops at Norterra.
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PRICE & RENT TRENDS
Neighborhood: Mountain Shadows at North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Shadows at North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,300 |
EXPENSES | Loan Payment | -$1,052 |
Property Tax | -$170 | |
Property Insurance | -$52 | |
HOA | -$20 | |
Property Management Fees | -$99 | |
CASH FLOW
-$92
|
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.
$285,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 8.23% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $71,250 |
Loan Amount | $213,750 |
4.17
YEARS SAVED
$13,027
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,316
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122236
Last Updated: 08/25/2020

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.