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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $124.26
- 4 Days on Market
- MLS # : 6192576
- Updated Date : 02/11/2021 at 16:42
CONSTRUCTION
- Beds : 4
- Floor Size : 3,903 sqft
- Baths : 3 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Welcome home to the beautiful gated community of Cottonwoods. PREMIUM corner lot located on the 18th hole with Mountain View's. This spacious split level home offers a separate front room, dining & living spaces w' 3 fireplaces & a loft. Kitchen boasts granite counters, walk-in pantry, large island, double ovens, gas cooktop & a wet bar. Perfect for everyday living & entertaining. Master suite is large w' walk-in closet, dual sinks, jetted tub & a shower w' dual heads. Backyard is a true oasis featuring designer landscape, salt water pool w' waterfalls & spa. Extended patio & built-in BBQ. Shopping & restaurants close by.
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PRICE & RENT TRENDS
Neighborhood: Cottonfields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottonfields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$433 | |
| Property Insurance | -$103 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$475
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$485,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
0.83
YEARS SAVED
$1,616
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.48
LIST RENT PER SQFT
-
$1,952
COMP ESTIMATED VALUE -
$0.5
COMP AVG. RENT PER SQFT
Comps Range
-
6805 S 58th Avenue Laveen, AZ 1
- 4 beds 3 baths ∙ 3,903 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,903 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,870
- $0.48
-
6822 S 58th Avenue Laveen, AZ 2
- 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.48
-
7004 W Fremont Road Laveen, AZ 3
- 4 beds 4 baths ∙ 4,219 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,219 Sqft ∙ Built 2007
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,200
- $0.52
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192576
Last Updated: 02/11/2021
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.
