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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $258.52
- 4 Days on Market
- MLS # : 6175720
- Updated Date : 12/31/2020 at 18:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,350 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This home has it all! Prime location nestled by beautiful mountains, commercial growth nearby and an amazing floor-plan. Home features 3 beds / 2 baths / 1,350 sf. It is one of the only homes in the area for sale with a 3-car garage, plus a passthrough garage bay to backyard for toys, trailers, etc. Enter into the formal living & dining rooms that feature beautiful vaulted ceilings. The elegant kitchen was remodeled w/ new kitchen cabinets, crown molding & corian counters in 2012. It has lots of storage space, pantry, pot shelf & moveable butcher-block island. The large screened in patio is an extension of the house / kitchen and is great for entertaining. The master bedroom is spacious and will accommodate most furniture sets; it also has an attached bathroom & walk-in closet. The low...
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PRICE & RENT TRENDS
Neighborhood: Dave Brown Westview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown Westview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$208 | |
| Property Insurance | -$54 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
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.
$349,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.2% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
3.75
YEARS SAVED
$14,334
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
-
$1,380
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
LEASED 09/22/19- Rent
- Rent Per SQFT
- $1,650
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LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.11
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175720
Last Updated: 12/31/2020
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.
