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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $201.88
- 2 Days on Market
- MLS # : 6160520
- Updated Date : 11/13/2020 at 20:53
CONSTRUCTION
- Beds : 4
- Floor Size : 2,972 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
STUNNING, well maintained CUSTOM home located in Russell Ranch with MOUNTAIN VIEWS! You will fall in love with the OPEN floorplan, neutral colors and custom finishes throughout. 4 SPACIOUS bedrooms and a DEN, 2.5 baths, 3 car garage, RV gate. The home offers an open formal dining room and an eat-in kitchen. The gorgeous kitchen is perfect for entertaining, huge island, GAS cooktop, granite counters, built-in desk, upgraded appliances and cabinets with loads of storage. The kitchen is open to the family room where you can enjoy the cozy fireplace. The master bedroom is split from others and has ample space with a lighted COFFERED ceiling. The master bath is huge with a separate tub/shower, double sinks and a beautiful walk-in closet. Other items you will LOVE: 9ft
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PRICE & RENT TRENDS
Neighborhood: Russell Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Russell Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$2,214 |
| Property Tax | -$394 | |
| Property Insurance | -$85 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$546
|
||
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.
$600,000
PROJECTED PRICE
$2,270
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$164,750
LOAN DETAILS
$2,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
1.33
YEARS SAVED
$4,644
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
-
$2,430
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013
LEASED 08/07/20- Rent
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,395
- $0.90
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160520
Last Updated: 11/13/2020
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.
