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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $237.65
- 2 Days on Market
- MLS # : 6173254
- Updated Date : 12/19/2020 at 18:50
CONSTRUCTION
- Beds : 2
- Floor Size : 1,304 sqft
- Baths : 2 full
Listing Agent
American Realty Brokers
Listing Agent's Description
Beautiful Catalina model on a large, private lot! 2 bed/2bath, large open floor plan. This home has been meticulously maintained by winter visitors who only occupied it 6 months out of each year! AC replaced in 2008, water heater replaced approx. 5 years ago and roof replaced a few years ago! Newer stainless steel appliances, wrap around extended patio in the back yard. Furniture, dishes, etc. included in the sale. Even the golf cart stays! All you have to do is pack a suitcase and enjoy the amenities! Sunbird offers golf, tennis, pickle ball, swimming pool, spa, billiards, restaurants, work out facility and more! Come see this beauty for yourself!
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PRICE & RENT TRENDS
Neighborhood: Sunbird Golf Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunbird Golf Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,143 |
| Property Tax | -$221 | |
| Property Insurance | -$53 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$190
|
||
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.
$309,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$87,874
LOAN DETAILS
$1,143
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
8.67
YEARS SAVED
$42,608
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
-
$1,861
COMP ESTIMATED VALUE -
$1.43
COMP AVG. RENT PER SQFT
Comps Range
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6792 S Pebble Beach Drive Chandler, AZ 1
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- $0
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1677 E Lindrick Drive Chandler, AZ 2
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LEASED 01/07/20- Rent
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- $1,250
- $1.27
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1800 E Westchester Drive Chandler, AZ 3
- 2 beds 2 baths ∙ 969 Sqft ∙ Built 1995 2 beds 2 baths ∙ 969 Sqft ∙ Built 1995
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.44
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1841 E Kerby Farms Road Chandler, AZ 4
- 2 beds 2 baths ∙ 974 Sqft ∙ Built 1996 2 beds 2 baths ∙ 974 Sqft ∙ Built 1996
LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,425
- $1.46
-
1782 E Palm Beach Drive Chandler, AZ 5
- 2 beds 2 baths ∙ 969 Sqft ∙ Built 1996 2 beds 2 baths ∙ 969 Sqft ∙ Built 1996
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,495
- $1.54
PROPERTY LISTING DETAILS
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173254
Last Updated: 12/19/2020
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.
