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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $228.55
- 2 Days on Market
- MLS # : 6165518
- Updated Date : 11/28/2020 at 20:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,706 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful, well-cared-for home in Tatum Ranch with sparkling pool and spa on oversized corner cul-de-sac lot! New roof in 2011! New HVAC in 2019! Pool was just installed in 2006! Beautiful kitchen with island, granite backsplash, and breakfast/dining area! Kitchen is open to family room and fireplace! R/O and water softener 2019! C-fans! Hard-surface flooring throughout (travertine, wood, & wood laminate)! What a lovely gem!
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PRICE & RENT TRENDS
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tatum Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$195 | |
| Property Insurance | -$60 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$108
|
||
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.
$389,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$109,074
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
7.08
YEARS SAVED
$39,207
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/22/20- Rent
- Rent Per SQFT
- $2,000
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30209 N 40th Way Cave Creek, AZ 4
- 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1989
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
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4223 E Wildcat Drive Cave Creek, AZ 5
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1992
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.18
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165518
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.
