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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $228.10
- 3 Days on Market
- MLS # : 6182675
- Updated Date : 01/22/2021 at 16:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,740 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Appealing home in highly desired Seville Subdivision. Relaxing and inviting fountain you enter into the front courtyard. Backyard oasis includes Shasta Pebble-tech pool/spa with water feature, citrus trees (lemon, lime, grapefruit and fig), built in SS BBQ. Upgraded gourmet kitchen with staggered cabinets, granite counter tops, Gas cooktop & oven. Stunning MBRM with garden tub, H/H shower & walk in closets. Premium N/S facing lot, abuts park/greenbelt. Painted inside & out, new roof all completed in 2019.
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PRICE & RENT TRENDS
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$436 | |
| Property Insurance | -$81 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$323
|
||
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.
$625,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
2.42
YEARS SAVED
$12,701
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,459
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
LEASED 10/29/20- Rent
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- $2,500
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LEASED 01/20/21- Rent
- Rent Per SQFT
- $2,550
- $0.96
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182675
Last Updated: 01/22/2021
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.
