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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $146.55
- 7 Days on Market
- MLS # : 6163737
- Updated Date : 11/23/2020 at 10:13
CONSTRUCTION
- Beds : 5
- Floor Size : 3,753 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Home sweet home! This gorgeous 5-bedroom beauty is everything you've been looking for! The wonderful island kitchen is loaded with a plethora of cabinets, granite counters and stainless appliances. Adjoining the kitchen is a lovely formal dining room with French doors leading to a private courtyard. One of the five bedrooms is located downstairs along with a full bath. The upstairs master suite is truly grand with its sitting room, balcony, separate vanities & large walk-in closet. One of the secondary bedrooms is suite-like with its adjoining loft & private bath. And two of the other bedrooms share a Jack & Jill bath. This home also boasts a 4-car tandem garage plus storage room. The backyard features a fireplace, large covered built-in BBQ area with seating and flagstone patio.
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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 | $2,440 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$392 | |
| Property Insurance | -$100 | |
| HOA | -$16 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$196
|
||
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.
$550,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.44%
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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
3.58
YEARS SAVED
$20,489
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,627
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/15/20- Rent
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- $2,400
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LEASED 12/01/19- Rent
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- $2,450
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- 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,695
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LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,800
- $0.78
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163737
Last Updated: 11/23/2020
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.
