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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $257.98
- 3 Days on Market
- MLS # : 6172773
- Updated Date : 12/19/2020 at 11:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,130 sqft
- Baths : 2 full
Listing Agent
Urban Luxe Real Estate
Listing Agent's Description
Incredible opportunity to own this 3bed/2bath territorial style home on almost 1.25 acres!Beautiful inside and out, this gem features great curb appeal leading into a spacious open concept floor plan with soaring ceilings, corner fireplace in living room, and beautiful tile and wood flooring. Kitchen will delight any chef with granite countertops, stainless steel appliances, a plethora of wood cabinetry, and a breakfast bar. Master retreat includes luxurious en suite with dual sinks, soaking tub, and separate shower. Amazing backyard entertaining space is complete with a covered patio, built-in firepit, jacuzzi, sparkling pool, and jaw dropping mountain views! It's the perfect spot to enjoy the beautiful Arizona weather. Do not miss out! See it today and make it yours.
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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 | $2,030 |
| EXPENSES | Loan Payment | -$2,027 |
| Property Tax | -$373 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$530
|
||
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.
$549,500
PROJECTED PRICE
$2,030
PROJECTED RENT
0.37%
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
$151,368
LOAN DETAILS
$2,027
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,375 |
| Loan Amount | $412,125 |
1.25
YEARS SAVED
$3,560
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,922
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
45319 N 18th Street New River, AZ 2
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,030
- $1.16
-
1514 E Wild Field Drive New River, AZ 1
- 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,795
- $1.10
PROPERTY LISTING DETAILS
Urban Luxe Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172773
Last Updated: 12/19/2020
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.
