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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $137.34
- 5 Days on Market
- MLS # : 6162078
- Updated Date : 11/18/2020 at 16:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,856 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this single story home in Sonoran Vista! This home has been refreshed with new interior and exterior paint and new carpet. Off the entry is a den, an open concept living and dining room toward the back of the home. The kitchen features ample cabinet and counter space, a walk in pantry and stainless steel appliances. The primary bedroom has an ensuite bathroom and a large walk in closet. Other bedrooms are spacious. The backyard has a covered patio for outdoor dining. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Sonoran Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$940 |
| Property Tax | -$243 | |
| Property Insurance | -$63 | |
| HOA | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$38
|
||
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.
$254,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$73,299
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
5.83
YEARS SAVED
$19,588
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
-
$1,462
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/06/20- Rent
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- $1,500
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23651 W Corona Avenue Buckeye, AZ 4
- 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2012
LEASED 11/01/20- Rent
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- $1,500
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5962 S 240th Drive Buckeye, AZ 5
- 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.79
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162078
Last Updated: 11/18/2020
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.
