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
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $189.37
- 5 Days on Market
- MLS # : 6159374
- Updated Date : 11/20/2020 at 16:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,769 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
72HOUR HOME SALE. INQUIRE NOW! Active Adult Living at its FINEST! Highly desirable and rare ''Cannes'' model located in the stunning Encanterra(r) Resort Community, this gorgeous 3bd/2ba Shea home has been wonderfully cared for by its original owner since it was built new in 2014. This home is rich with natural sunlight throughout, desirable N/S exposure with a spacious great room that features a comfortable living space, dining area and large eat-in kitchen with stainless steel appliances, electric cooktop/oven with a stub for gas, granite countertops and cabinets for storage. This model features the optional extended garage with build-ins, a multi-purpose laundry room perfectly suited for an art studio, workroom, etc. as well as pre-paid Tesla solar panels... CONTD
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$250 | |
| Property Insurance | -$62 | |
| HOA | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$90
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$335,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4.08
YEARS SAVED
$14,881
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,526
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
557 E Laddoos Avenue San Tan Valley, AZ 4
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.95
-
38154 N Rusty Lane San Tan Valley, AZ 1
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
921 E Kelsi Avenue San Tan Valley, AZ 2
- 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2007
![property image]()
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,580
- $0.91
-
473 W Mammoth Cave Drive San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2019
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,599
- $0.84
-
319 W Pinnacle Ridge Drive San Tan Valley, AZ 5
- 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2020
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159374
Last Updated: 11/20/2020
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.
