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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $222.74
- 2 Days on Market
- MLS # : 6158012
- Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,357 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Sensational Energy Efficient Solar Home with pristine curb appeal & 3 car garage. Soaring ceilings, soothing palette, high-end living room carpet, neutral tile floors in all the right places, plantation shutters, built-in media shelves, & ceiling fans. Center kitchen island, breakfast bar, granite counters, pantry, & plenty of wood cabinets. Bay window in breakfast area. Enjoy the family room fireplace on those chilly AZ evenings, plant shelves, custom palette, & patio access. Generous sized bedrooms, ample closets, 2 upscale baths w/granite counters, & interior laundry room. Private master en suite w/dual sinks & walk-in closet. The backyard boasts a sparkling pool, built-in BBQ, swaying palm trees, flagstone patio for dining, & grassy play area. Nearby Shopping & Dining
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PRICE & RENT TRENDS
Neighborhood: Belmont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Belmont
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,360 |
EXPENSES | Loan Payment | -$1,937 |
Property Tax | -$331 | |
Property Insurance | -$73 | |
HOA | -$8 | |
Property Management Fees | -$99 | |
CASH FLOW
-$87
|
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.
$525,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 6.9% |
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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $131,250 |
Loan Amount | $393,750 |
4.58
YEARS SAVED
$28,572
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,663
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6158012
Last Updated: 11/14/2020

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.