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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $229.99
- 3 Days on Market
- MLS # : 6188186
- Updated Date : 02/05/2021 at 22:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,804 sqft
- Baths : 2 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
Beautifully updated 4 bedroom, 2 bath Gold Canyon home on a large, very private, cul-de-sac lot in the desirable Hermosa Hills community. Located just minutes away from award-winning golf, the I-60 highway and the Superstition Mountains! This home features a gourmet kitchen, huge great-room for entertaining, separate dining room, large 3-car garage, 9' ceilings, 2-way fireplace, tons of storage and 2x6 construction. Updates include wood-look tile flooring, upgraded carpeting, new interior/ exterior paint, updated bathrooms, upscale quartz counters throughout, new switches, outlets, interior/ exterior LED lighting, plumbing fixtures, ceiling fans and a completely updated kitchen with huge kitchen island, new cabinets, walk-in pantry, stainless appliances,
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PRICE & RENT TRENDS
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$325 | |
| Property Insurance | -$62 | |
| HOA | -$0 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$377
|
||
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.
$414,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$115,699
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,725 |
| Loan Amount | $311,175 |
1.17
YEARS SAVED
$2,065
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
6737 S Solado Place Gold Canyon, AZ 3
- 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
9866 E Stone Circle Lane Gold Canyon, AZ 1
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
9960 E Prospector Drive Gold Canyon, AZ 2
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,400
- $0.83
-
6717 S Hohokam Way Gold Canyon, AZ 4
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
10260 E Agua Vista Way Gold Canyon, AZ 5
- 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,695
- $0.80
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188186
Last Updated: 02/05/2021
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.
