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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $273.83
- 5 Days on Market
- MLS # : 6177531
- Updated Date : 01/06/2021 at 20:12
CONSTRUCTION
- Beds : 2
- Floor Size : 2,151 sqft
- Baths : 2 full , 1 half
Listing Agent
Lori Blank & Associates, Llc
Listing Agent's Description
AMAZING MOUNTAIN VIEWS! In HIDDEN CANYON... Backing to a Natural Wash...Extended Refinished Patio Surface, Heated HOT TUB to Enjoy the Beautiful MTN VIEWS...LOVELY CURB Appeal with Newer Refinished Front Patio Surface and some Newer Landscaping, Front & Back Yard Watering System Updated 2018... Acacia Model- 2 bdrms, Den, 2.5 baths, 2 Car EXTENDED Garage with Cabinets & Newer Water Heater 2018...NEWER Plank Tile FLOORS throughout ENTIRE Home..Bathrooms Partially Updated Including Beautiful GRANITE Counters...NEWER Ext Paint in 2015...NEWER GRANITE in Kitchen with Breakfast Bar and Maple Cabinets...All bedrooms are large, Master & Front bedrooms have Bay Windows, 3rd Room has place to add closet...Some Furnishings Included.
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PRICE & RENT TRENDS
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,046 |
| Property Tax | -$461 | |
| Property Insurance | -$69 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$238
|
||
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.
$589,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$161,835
LOAN DETAILS
$2,046
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
3.17
YEARS SAVED
$15,341
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,947
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
5048 S Nighthawk Drive Gold Canyon, AZ 1
- 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $2,450
- $1.14
-
3078 S Primrose Court Gold Canyon, AZ 2
- 2 beds 2 baths ∙ 2,189 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,189 Sqft ∙ Built 2007
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.37
PROPERTY LISTING DETAILS
Lori Blank & Associates, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177531
Last Updated: 01/06/2021
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.
