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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $184.36
- 4 Days on Market
- MLS # : 6169490
- Updated Date : 12/12/2020 at 01:09
CONSTRUCTION
- Beds : 5
- Floor Size : 2,603 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Stunning 5 bedroom 3 bath home in Coppercrest with a view lot! Home backs to wash and skunk creek trail. Extremely private north/south facing rear yard. One bedroom and full bath downstairs. Gorgeous Newly remodeled kitchen with solid cherry wood cabinetry, Granite counters, a built in subzero refrigerator, pantry, tile backsplash & stainless dishwasher. Beautiful master bedroom featuring a private balcony with retractable electric awning, full bath with dual sinks, newly renovated walk in shower & soaking tub. Large secondary bedrooms, neutral decor, soaring vaulted ceilings & tile in all the right places. Step outside to a beautiful entertainers dream! Pool, spa, BBQ island with Beef Eater grill & side burner. Close to schools, shopping, restaurants, hiking trails, golf courses, and
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PRICE & RENT TRENDS
Neighborhood: Hearthstone Place-Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hearthstone Place-Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$342 | |
| Property Insurance | -$78 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$10
|
||
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.
$479,900
PROJECTED PRICE
$2,290
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$132,924
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,975 |
| Loan Amount | $359,925 |
5.33
YEARS SAVED
$31,802
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
-
$2,434
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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- $2,200
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- $2,395
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- 5 beds 3 baths ∙ 2,656 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,656 Sqft ∙ Built 2002
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,600
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LEASED 05/23/20- Rent
- Rent Per SQFT
- $2,750
- $0.95
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169490
Last Updated: 12/12/2020
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.
