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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $112.56
- 4 Days on Market
- MLS # : 6174415
- Updated Date : 12/24/2020 at 11:49
CONSTRUCTION
- Beds : 5
- Floor Size : 2,221 sqft
- Baths : 3 full
Listing Agent
Precision Real Estate
Listing Agent's Description
Gorgeous, updated, 5 bedroom 3 bath home in Senita with no neighbors behind! Desirable open floor plan with one bedroom and full bath downstairs that is perfect for guests. The large family room opens to the spacious kitchen equipped with ample cherry cabinets & granite countertops, a breakfast bar, and a walk-in pantry. Upstairs you'll find a large loft with vaulted ceilings. A large master bedroom with master bath that features dual sinks & walk-in closet, + upstairs laundry. This home has many upgrades including new carpet & paint, neutral tile, wood and wrought iron staircase and railing, ceiling fans in every bedroom, 2 inch blinds, and even the garage has upgraded epoxy flooring. Outside there's a large backyard with a covered patio, mature tree, and brick border for a new lawn.
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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 | $1,380 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$234 | |
| Property Insurance | -$70 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$250,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.55%
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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
6.17
YEARS SAVED
$20,476
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
-
$1,327
COMP ESTIMATED VALUE -
$0.6
COMP AVG. RENT PER SQFT
Comps Range
-
43313 W Cowpath Road Maricopa, AZ 1
- 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18774 N Ibis Way Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
![property image]()
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,200
- $0.54
-
43830 W Maricopa Avenue Maricopa, AZ 3
- 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.58
-
43182 W Cowpath Road Maricopa, AZ 4
- 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,395
- $0.63
-
19505 N Ventana Lane Maricopa, AZ 5
- 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,450
- $0.64
PROPERTY LISTING DETAILS
Precision Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174415
Last Updated: 12/24/2020
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.
