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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $146.40
- 4 Days on Market
- MLS # : 6178417
- Updated Date : 01/14/2021 at 18:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,097 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
BEAUTIFUL SALERNO PLAN 3 size-able Bedrooms, 2 Bath with OFFICE/DEN. Open concept, single level home. Kitchen has white staggered cabinetry, 3 CM granite countertops, gas stove and a huge island. Opens up to the dining and great room. Wood plank tile and plush carpet floors. Neutral paint, 9' ceilings and energy efficient. North/South Exposure. Atrium doors to the back patio . Homestead's playground, frisbee golf and volleyball courts are seconds away.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$287 | |
| Property Insurance | -$68 | |
| HOA | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$307,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| 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
$87,105
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,750 |
| Loan Amount | $230,250 |
3.67
YEARS SAVED
$10,429
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,541
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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41042 W Jenna Lane Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $0.74
-
39955 W Brandt Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2018
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,475
- $0.69
-
41329 W Curtis Lane Maricopa, AZ 2
- 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,550
- $0.74
-
40880 W Jenna Lane Maricopa, AZ 4
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,600
- $0.76
-
40761 W Coltin Way Maricopa, AZ 5
- 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2007
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.75
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178417
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
