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INVESTimate
$675,000
List Price
$184,625
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $275.96
- 3 Days on Market
- MLS # : 6116205
- Updated Date : 08/23/2020 at 22:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,446 sqft
- Baths : 2 full , 1 half
Listing Agent
Launch Real Estate
Listing Agent's Description
Beautifully remodeled in 2018, this 4bed/2bath home sits on over a quarter of an acre with a two car garage. The updated exterior elevation welcomes guests with a stamped concrete and stone entry complete with custom planters. Upon entering, one is met with dramatic high-end finishes. Soft close custom cabinetry is featured throughout the kitchen, bar and locker drop zone. Kitchen features include, a 12 foot waterfall quartz island and top-tier appliance package with an under-counter drawer microwave and Wolf induction range. The walk-though bar is ideal for entertaining. A double door entry leads into the spacious owners retreat. Other updated features include custom wall paper, chic lighting, Nest thermostat, Arlo home security system, new HVAC, hot water heater, water softener and wood
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PRICE & RENT TRENDS
Neighborhood: Paradise Village North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Village North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,740 |
EXPENSES | Loan Payment | -$2,490 |
Property Tax | -$505 | |
Property Insurance | -$75 | |
Property Management Fees | -$99 | |
CASH FLOW
-$429
|
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.
$675,000
PROJECTED PRICE
$2,740
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 7.28% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $168,750 |
Loan Amount | $506,250 |
2.33
YEARS SAVED
$13,077
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
-
$2,905
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6116205
Last Updated: 08/23/2020

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.