Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $220.18
- 3 Days on Market
- MLS # : 6178571
- Updated Date : 01/08/2021 at 18:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,121 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Amazing opportunity in 85248 to make this lovely 4 bedroom 2 bath house your home. Backyard privacy with Ironwood Golf Course as your neighbor. Vaulted ceilings and and flowing floor plan give the home a spacious feel. The property has been well maintained with an updated kitchen, fresh paint throughout and a new roof in 2015. The generous Master bedroom can accommodate large furniture with plenty of storage, plant shelves and a Master bath that features soaking tub, vanity with dual sinks and walk in closet. Just minutes to shopping, dining, golf as well as great Valley employers such as GM Financial, INTEL, PayPal and more. Come and see for yourself before the opportunity passes you by.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Oakwood Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakwood Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,110 |
EXPENSES | Loan Payment | -$1,622 |
Property Tax | -$341 | |
Property Insurance | -$69 | |
HOA | -$25 | |
Property Management Fees | -$99 | |
CASH FLOW
-$45
|
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.
$467,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 4.6% |
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
$129,505
LOAN DETAILS
$1,622
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $116,750 |
Loan Amount | $350,250 |
4.58
YEARS SAVED
$22,007
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178571
Last Updated: 01/08/2021

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.