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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $534.65
- 2 Days on Market
- MLS # : BE40929334
- Updated Date : 11/14/2020 at 12:28
CONSTRUCTION
- Beds : 4
- Floor Size : 1,775 sqft
- Baths : 2 full , 1 half
Listing Agent
Boaventura Rl Est Services
Listing Agent's Description
Wonderful 4 bedroom 2.5 bath home with a park like backyard,near Lab, Sandia, Ace train, schools and wineries. This home has been highly updated and is currently having new patios, gas firepit, and cedar pavilion added. The home has granite counters, hardwood floors, dual pane windows, ceiling fans, vaulted ceilings, fireplace and new paint. The pool and spa have been remodeled, decks and finished garage with high-end steel cabinets and workbench. The home has been upgraded from top to bottom. Photo's will be added Sunday. The Sellers were not planning on moving . The new owners will benefit from their upgrades. Make a appointment to view before its gone!
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PRICE & RENT TRENDS
Neighborhood: Rancho Arroyo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Arroyo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,530 |
EXPENSES | Loan Payment | -$3,501 |
Property Tax | -$1,066 | |
Property Insurance | -$70 | |
Property Management Fees | -$173 | |
CASH FLOW
-$1,280
|
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.
$949,000
PROJECTED PRICE
$3,530
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 10.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
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
$257,235
LOAN DETAILS
$3,501
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $237,250 |
Loan Amount | $711,750 |
0.5
YEARS SAVED
$2,036
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,530
LIST RENT -
$1.99
LIST RENT PER SQFT
-
$3,479
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Boaventura Rl Est Services