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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $259.56
- 3 Days on Market
- MLS # : CC40931152
- Updated Date : 12/05/2020 at 09:17
CONSTRUCTION
- Beds : 5
- Floor Size : 3,581 sqft
- Baths : 4 full , 1 half
Listing Agent
J. Rockcliff Realtors Inc.
Listing Agent's Description
Welcome to this beautiful two-story Hawthorne model with five bedrooms, 4.5 baths, Den + Loft. Features include: Smart home technology (powered by Google & Alexa), 2 Nest thermostats, three keyless entry locks, smart irrigation system, intelligent lighting, Nest outdoor cameras, Cat-5 wiring, solar owned (16 panels), built-in surround sound speakers in loft, open kitchen w/stainless steel Kitchen Aid appliances, large quartz island, eat-in kitchen, family room w/custom shelving, formal dining room, Kinetico water softener, reverse osmosis in kitchen sink and fridge, fireplace with mantle, home office, wood laminate flooring, custom paint throughout, one-bedroom suite on 1st floor for the ideal in-law solution (buyer has option to convert to full seperate in-law). Walking distance to Sunset Park sports complex, bike trails, parks, and schools.
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PRICE & RENT TRENDS
Neighborhood: Hawthorne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hawthorne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$3,429 |
| Property Tax | -$924 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$159 | |
|
CASH FLOW
-$1,376
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$929,500
PROJECTED PRICE
$3,250
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.63% |
| 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
$252,068
LOAN DETAILS
$3,429
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $232,375 |
| Loan Amount | $697,125 |
0.33
YEARS SAVED
$800
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$3,223
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/06/19- Rent
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- $3,400
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- 4 beds 3 baths ∙ 3,721 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,721 Sqft ∙ Built 2006
LEASED 09/15/19- Rent
- Rent Per SQFT
- $3,400
- $0.91
PROPERTY LISTING DETAILS
J. Rockcliff Realtors Inc.
