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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $233.43
- 2 Days on Market
- MLS # : 6179028
- Updated Date : 01/09/2021 at 16:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,756 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Located in the highly coveted gated community of Serenity Shores in Fulton Ranch, this meticulously maintained 3BR/2BA home offers nearly 1,800 SF. Entertain in the spacious family room feat. gas fireplace & direct access to oversized balcony with greenbelt views. The upgraded eat-in kitchen is a culinary dream with granite countertops, breakfast bar, and tons of storage. Getaway to the master suite with dual sinks, separate shower/tub, and walk-in closet. Community offers tons of guest parking, sparkling pool, and workout/rec room. SUPERIOR LOCATION! Just minutes from Ocotillo Golf Club, shopping/dining, Intel, Snedigar Recreation Center and the Loop 202 FWY. Less than 30 minutes to Sky Harbor Airport! This home is a must see!
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PRICE & RENT TRENDS
Neighborhood: Fulton Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fulton Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,640 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$239 | |
| Property Insurance | -$61 | |
| HOA | -$476 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$341
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$409,900
PROJECTED PRICE
$2,640
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
8.5
YEARS SAVED
$47,492
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
-
$2,059
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
4777 S Fulton Ranch Boulevard #2029 Chandler, AZ 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4777 S Fulton Ranch Boulevard #2008 Chandler, AZ 2
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.08
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5122 S Tumbleweed Lane Chandler, AZ 3
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.15
-
1282 W Bartlett Way Chandler, AZ 4
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1998
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.17
-
1281 W Lynx Way Chandler, AZ 5
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,450
- $1.29
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179028
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
