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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $198.80
- 3 Days on Market
- MLS # : 6170368
- Updated Date : 12/11/2020 at 14:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,510 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
This is a beautiful home! Recently updated home with guest casita has tons of options. It is the largest model with the 3rd bedroom guest casita. The main home has 2 bedrooms and den with built in bookshelves. New wood plank vinyl flooring and plush carpet. Newer interior & exterior paint, including newly painted cabinets, Some new Light fixtures and designer touches throughout. We took out niches and pony walls etc. to open this floorplan up and make it very appealing. Nice backyard with mature fruit trees and newer artificial grass and gravel area. Easy maintenance yard. Newer garage cabinets with tons of storage. Square footage breaks down to main house 2316 sf, guest casita, 226 sq ft = 2542 sq ft. Gorgeous home in a wonderful guard gated/golf community of Trilogy at Power Ranch.
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PRICE & RENT TRENDS
Neighborhood: Meadowbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$343 | |
| Property Insurance | -$76 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$26
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$499,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$137,985
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
5.42
YEARS SAVED
$33,734
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
-
$2,385
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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- $1,895
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LEASED 03/01/20- Rent
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- $2,150
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- 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2006
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,295
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LEASED 09/10/19- Rent
- Rent Per SQFT
- $2,650
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170368
Last Updated: 12/11/2020
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.
