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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $259.95
- 2 Days on Market
- MLS # : 6194678
- Updated Date : 02/20/2021 at 22:56
CONSTRUCTION
- Beds : 4
- Floor Size : 3,308 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
This beautiful home frames up Black Mountain as if it was meant to do so. EPIC VIEWS! Elegant first impression with custom wood front door & grand entry. Soaring ceilings, fresh neutral interior paint, chiseled travertine floors, stacked stone accent walls & fireplace. Gourmet kitchen with cabinets galore, plenty of counter space, stainless steel appliances including double oven & breakfast bar. A master suite fit for a King & Queen boasts 2-sided fireplace, sitting area, large walk-in closet & a roomy on-suite with his & hers vanities. A desert dream or your backyard paradise, call it what you like. Your resort style backyard is the backdrop for many gatherings with family & friends. Travertine tile patio & pool surround, 2 built-in BBQ's highly upgraded pool & spa with......
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PRICE & RENT TRENDS
Neighborhood: Boulders
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boulders
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$2,987 |
| Property Tax | -$300 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$887
|
||
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.
$859,900
PROJECTED PRICE
$2,590
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$233,624
LOAN DETAILS
$2,987
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $214,975 |
| Loan Amount | $644,925 |
0.83
YEARS SAVED
$2,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$3,176
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/01/19- Rent
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- $3,000
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- 4 beds 3 baths ∙ 3,424 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,424 Sqft ∙ Built 1999
LEASED 08/30/19- Rent
- Rent Per SQFT
- $3,100
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LEASED 06/28/20- Rent
- Rent Per SQFT
- $3,800
- $1.15
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194678
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
