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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $214.76
- 4 Days on Market
- MLS # : 6177885
- Updated Date : 01/07/2021 at 15:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,951 sqft
- Baths : 3 full
Listing Agent
Realty Executives
Listing Agent's Description
Amazing backyard, this spacious, all on one level home contains an open floor plan which includes; four spacious bedrooms, three bathrooms, a gourmet kitchen and dining area overlooking a large great room. The Lewis model's master suite includes a private bathroom retreat with a step in shower and double sinks. This amazing corner lot home also includes plenty of extra storage along with a 2-bay garage.
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PRICE & RENT TRENDS
Neighborhood: Rio Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rio Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,455 |
| Property Tax | -$344 | |
| Property Insurance | -$65 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$91
|
||
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.
$419,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.5% |
| 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
$116,785
LOAN DETAILS
$1,455
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
4.25
YEARS SAVED
$17,021
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
-
$1,873
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
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- $1,675
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42928 N 43rd Drive New River, AZ 3
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LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,795
- $1.00
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43323 N 43rd Drive New River, AZ 4
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,800
- $0.94
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4225 W Granite Basin Drive New River, AZ 5
- 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2020
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.98
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177885
Last Updated: 01/07/2021
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.
