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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $191.96
- 2 Days on Market
- MLS # : 6160736
- Updated Date : 11/14/2020 at 22:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,735 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
This open floor plan with large windows, brings in a lot of natural sunlight. The kitchen has tons of cabinets, with 2 pantries and additional cabinets in the laundry for extra storage. Great room concept makes for a great space to entertain with formal dining, eat in kitchen and breakfast bar. Master bedroom has a retreat area with an additional walk in closet. Guest bedroom has private bath that is the perfect set up for out of town guests or an extended family suite. This home is in a low traffic cul-de-sac with no across the street neighbors and single story homes surrounding, so the back yard and pool are very private. 3 car garage with built in cabinets helps with organization. SELLER NEEDS A 1 YEAR LEASE BACK AT CLOSE OF ESCROW.
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PRICE & RENT TRENDS
Neighborhood: Ashley Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashley Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$358 | |
| Property Insurance | -$80 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$492
|
||
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.
$525,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.1% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
1.25
YEARS SAVED
$3,648
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,044
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,300
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PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160736
Last Updated: 11/14/2020
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.
