Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $214.39
- 4 Days on Market
- MLS # : 6162632
- Updated Date : 11/19/2020 at 17:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,141 sqft
- Baths : 3 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
***RARE FIND!*** 4 BEDROOMS, 3 FULL BATHROOMS including CUSTOM BUILDER OPTION of the ON SUITE BEDROOM that HAS ITS OWN BATHROOM FOR GUEST PRIVACY all in a SINGLE LEVEL HOME with BEAUTIFUL MOUNTAIN VIEWS!!*** VERY LIGHT and BRIGHT GREATROOM/OPEN FLOORPLAN with the MASTER BEDROOM SPLIT FROM OTHERS. KITCHEN IS OPEN TO THE FAMILY ROOM with built in MEDIA NICHES FOR ENTERTAINMENT COMPONENTS, LARGE EAT IN CAFE AREA. KITCHEN has GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES and CATHEDRAL CUSTOM CABINETS. GAS COOK TOP. Home has TILE IN ALL AREAS except bedrooms, CEILING FANS. Master bedroom bathroom has LARGE WALK IN SHOWER. LARGE BACKYARD COVERED PATIO OVERLOOKS GREAT SIZE BACKYARD WITH STUNNING MOUNTAIN VIEWS! WASHER/GAS DRYER/REFRIGERATOR are INCLUDED**WATER SOFTENER!**
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,694 |
| Property Tax | -$275 | |
| Property Insurance | -$69 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$439
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$459,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$127,385
LOAN DETAILS
$1,694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
1.33
YEARS SAVED
$3,414
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,831
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6417 W Madre Del Oro Drive Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.84
-
6826 W Morning Vista Drive Peoria, AZ 1
- 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,700
- $0.90
-
28422 N 64th Lane Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
6418 W Brookhart Way Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.78
-
29582 N 70th Avenue Peoria, AZ 5
- 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008
![property image]()
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162632
Last Updated: 11/19/2020
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.
