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INVESTimate
$775,000
List Price
$211,125
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $426.76
- 3 Days on Market
- MLS # : CC40918034
- Updated Date : 08/24/2020 at 17:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,816 sqft
- Baths : 2 full
Listing Agent
Rossmoor Realty / J.h. Russell
Listing Agent's Description
Bright and open single story plan in sought after Oakhurst featuring vaulted volume ceilings. Hardwood floors in living dining room, bedrooms & hall. Large eat in kitchen includes abundance of cabinets and counter space, plus pantry. Kitchen and adjoining family room with tile floors & fireplace. Master suite opens through french doors to private spa. Updated bathrooms. Closet organizers in all 3 bedrooms. Additional features include solid core doors, ceiling fans, dual pane windows and extra wide crown molding & baseboards. Separate laundry room. Home is wired for surround sound. Garage features grey flecked epoxy flooring. and overhead storage. Flagstone front porch and walkway. Backyard patio has acid stained, stamped concrete. Please adhere to the Covid Guidelines, see associated docs.
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PRICE & RENT TRENDS
Neighborhood: Oakhurst
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakhurst
* 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 | $3,300 |
EXPENSES | Loan Payment | -$2,859 |
Property Tax | -$866 | |
Property Insurance | -$71 | |
Property Management Fees | -$162 | |
CASH FLOW
-$658
|
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.
$775,000
PROJECTED PRICE
$3,300
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 4.78% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$211,125
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $193,750 |
Loan Amount | $581,250 |
2.42
YEARS SAVED
$17,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,300
LIST RENT -
$1.82
LIST RENT PER SQFT
-
$3,278
COMP ESTIMATED VALUE -
$1.81
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Rossmoor Realty / J.h. Russell