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INVESTimate
$989,000
List Price
$267,835
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $802.76
- 2 Days on Market
- MLS # : BE40918097
- Updated Date : 08/25/2020 at 11:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,232 sqft
- Baths : 2 full
Listing Agent
Legacy Real Estate & Assoc.
Listing Agent's Description
Nicely upgraded Ranch style home. New roof, New upgraded electrical service panel, Upgraded plumbing, Modern European style kitchen with new Cabinets and New appliances. Quartz counter tops. LED lighting throughout. Remodeled Hall Bath and a Master Bath with Frame less shower glass. Fresh paint inside and out. Newly landscaped with automatic sprinkler system. Large two car garage with epoxy floor paint. 6000+ square foot corner lot in a quiet cul-de-sac. Minutes from 880 freeway as well as shopping and restaurants. This home is ready for it's new owners.
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PRICE & RENT TRENDS
Neighborhood: 28 Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 28 Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,930 |
EXPENSES | Loan Payment | -$3,649 |
Property Tax | -$1,066 | |
Property Insurance | -$57 | |
Property Management Fees | -$149 | |
CASH FLOW
-$1,991
|
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.
$989,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 12.27% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 4.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$267,835
LOAN DETAILS
$3,649
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $247,250 |
Loan Amount | $741,750 |
0
YEARS SAVED
$43
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,021
COMP ESTIMATED VALUE -
$2.45
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Legacy Real Estate & Assoc.