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INVESTimate
$700,000
List Price
$191,250
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $630.63
- 2 Days on Market
- MLS # : BE40918193
- Updated Date : 08/25/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,110 sqft
- Baths : 2 full
Listing Agent
Re/max Accord
Listing Agent's Description
Don't miss this one! Cute and quaint, perfect starter or downsize home. Single story, no stairs. Upgraded kitchen with lots of cabinets (some pullout), granite counter-top, stainless steel appliances, gas stove, tile floor and backsplash. Remodeled bathrooms, built-in storage, large back yard. Community tennis courts, pool, playground. Huge park 1 block away. 2-car attached garage. 1/2 mile to 580 freeway, easy access to commute, shopping, recreation!
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PRICE & RENT TRENDS
Neighborhood: Springtown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Springtown
* 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 | $2,820 |
EXPENSES | Loan Payment | -$2,583 |
Property Tax | -$786 | |
Property Insurance | -$54 | |
HOA | -$78 | |
Property Management Fees | -$149 | |
CASH FLOW
-$830
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$700,000
PROJECTED PRICE
$2,820
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 10.13% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 4.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,250
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $175,000 |
Loan Amount | $525,000 |
1.33
YEARS SAVED
$5,304
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
-
$2,819
COMP ESTIMATED VALUE -
$2.54
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Re/max Accord