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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $243.28
- 2 Days on Market
- MLS # : 6172469
- Updated Date : 12/19/2020 at 16:48
CONSTRUCTION
- Beds : 2
- Floor Size : 1,562 sqft
- Baths : 2 full
Listing Agent
Weichert, Realtors- Lake Realty
Listing Agent's Description
One owner home on large 1/4 acre lot with Mountain Views. Home was gently lived in during our winter months. Seller is leaving almost all furniture and furnishings to new owner. One year home warranty is included. Make this home your own and enjoy Active Adult Community Living with all the amenities nestled at the base of the Magnificent Superstition Mountains.
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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 | $1,450 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$297 | |
| Property Insurance | -$58 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$460
|
||
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.
$380,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.38%
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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
0.42
YEARS SAVED
$479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,260
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
5532 S Marble Drive Gold Canyon, AZ 4
- 2 beds 2 baths ∙ 1,562 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,562 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
7192 E Texas Ebony Drive Gold Canyon, AZ 1
- 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.72
-
8753 E Sandtrap Court Gold Canyon, AZ 2
- 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
6453 S Palo Blanco Drive Gold Canyon, AZ 3
- 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
PROPERTY LISTING DETAILS
Weichert, Realtors- Lake Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172469
Last Updated: 12/19/2020
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.
