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
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $257.80
- 4 Days on Market
- MLS # : 6172284
- Updated Date : 12/24/2020 at 00:40
CONSTRUCTION
- Beds : 2
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
Dominion Group Properties
Listing Agent's Description
Gorgeous one of a kind Artist RETREAT with 360' views for MILES! Adjoining state land this 1.3 acre property has the natural desert surrounding it and the local wildlife walks up to your back door! Contemporary home designed by renowned architect Michael P. Johnson with custom paint touches and features throughout! Open floor plan, sliding privacy doors and so much more!! The views from the heated spa on a raised hilltop gazebo above the home will keep you entranced for hours! Detached 2+ car garage is perfect for your work projects, storage or even your cars!! All this and views and more views!! Sit for hours and view Phoenix/Scottsdale city lights at night and gorgeous mountain views with your morning coffee! This home will NOT last long at this great price!!!
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 | $1,740 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$278 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$207
|
||
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.
$409,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.42%
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
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
3.08
YEARS SAVED
$11,791
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
-
$1,749
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
43900 N 13th Avenue N New River, AZ 1
- 2 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2421 W Turtle Hill Drive Anthem, AZ 2
- 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2000
LEASED 07/02/19- Rent
- Rent Per SQFT
- $1,500
- $1.12
-
41333 N Belfair Way Anthem, AZ 3
- 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2002
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
PROPERTY LISTING DETAILS
Dominion Group Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172284
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.
