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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $210.13
- 5 Days on Market
- MLS # : 6195947
- Updated Date : 02/26/2021 at 20:54
CONSTRUCTION
- Beds : 3
- Floor Size : 2,232 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
This 3 bedroom 2 bathroom home will not last long! Granite countertops, gorgeous backsplash, stainless steel appliances, recessed LED lighting, custom cabinetry, stunning tile floors, stainless steel hardware on all cabinets & doors, 4.5'' baseboards, custom paint & more! Bath features include custom tile ''snail'' shower w/ dual spray heads in master, upgraded counters & sinks w/ designer backs-splashes. HUGE walk-in closet with custom-built organizer system in master bedroom. Decorator security doors, lush landscaping, covered patio, spacious backyard. 2 1/2 garage w/ epoxy floor, storage cabinets and 10 foot RV gate. Plenty of extra parking in the driveway and concrete slab behind the RV gate.
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PRICE & RENT TRENDS
Neighborhood: Sun Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,629 |
| Property Tax | -$334 | |
| Property Insurance | -$71 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$286
|
||
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.
$469,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.1% |
| 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
$130,035
LOAN DETAILS
$1,629
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
2.25
YEARS SAVED
$7,141
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,053
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/23/21- Rent
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- $1,900
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4629 E Augusta Avenue Chandler, AZ 4
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
LEASED 02/02/21- Rent
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- $1,995
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,550
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195947
Last Updated: 02/26/2021
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.
