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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $164.20
- 6 Days on Market
- MLS # : 6173925
- Updated Date : 12/26/2020 at 20:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,827 sqft
- Baths : 2 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
**NO WAITING LIST & NO LOTTERY ** Ready to Close April 2021 - this beautiful home is located in the highly desirable Magic Ranch community. Prime lot with North South Exposure! Featuring countless upgrades such as 9' ceilings, Shaw Luxury Vinyl Plank flooring, Granite countertops in the kitchen. Whirlpool Stainless steel appliances including the refrigerator. Espresso cabinetry. Energy-efficient features throughout, Wi-Fi & programmable thermostat, and electric range. Spacious walk-in closet in owner's suite! Front yard landscaping with irrigation included and generous covered patio in the backyard. Minutes from hiking trails and scenic mountain views! Neighborhood park, greenbelts, playgrounds and covered picnic tables. Located near Queen Creek, highly rated schools, shopping & dining.
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PRICE & RENT TRENDS
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$158 | |
| Property Insurance | -$63 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$299,990
PROJECTED PRICE
$1,290
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.56% |
| 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
$81,497
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,998 |
| Loan Amount | $224,993 |
2.92
YEARS SAVED
$8,030
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
-
$1,411
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/22/20- Rent
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- $1,195
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LEASED 03/10/20- Rent
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- $1,250
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5110 E Silverbell Road San Tan Valley, AZ 4
- 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2006
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,400
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25184 N Atlas Road Florence, AZ 5
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LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,535
- $0.80
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173925
Last Updated: 12/26/2020
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.
