Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $187.83
- 5 Days on Market
- MLS # : 6191691
- Updated Date : 02/14/2021 at 02:11
CONSTRUCTION
- Beds : 4
- Floor Size : 3,189 sqft
- Baths : 4 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Features for this Acre+ lot property include: 4 bedrooms (one is guest suite style with it's own entrance and covered patio), den, 4.5 bathrooms (each bedroom has its own en suite), neutral carpet & paint throughout, 10ft and 12ft ceilings, granite countertops and upgraded cabinetry in kitchen, plantation shutters throughout, travertine counters in bathroom, large, elevated patio area that runs the rear length of home for spectacular views, RV gate, large, 3 car extended length garage, water softener and so much more! Bring your toys and horses!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,930 |
EXPENSES | Loan Payment | -$2,081 |
Property Tax | -$480 | |
Property Insurance | -$89 | |
Property Management Fees | -$99 | |
CASH FLOW
$181
|
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.
$599,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 5.5% |
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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $149,750 |
Loan Amount | $449,250 |
6.67
YEARS SAVED
$48,975
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
-
$3,117
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191691
Last Updated: 02/14/2021

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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.