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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $214.16
- 6 Days on Market
- MLS # : 6188725
- Updated Date : 02/06/2021 at 14:27
CONSTRUCTION
- Beds : 5
- Floor Size : 3,735 sqft
- Baths : 3 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Nestled on the most sought after preserve lot in Sonoran Mountain Ranch ($150k builder premium). High 10' ceilings (downstairs) and 9' (upstairs). No neighbors behind, backs to the Preserve at East Wing Mountain with two-tiered rock terrace and view fencing to dramatic mountain views. Situated on a 0.378 acre lot, over $125k spent in front and backyard build outs including: Cascading 3-tiered waterfall; Heated Pebble sheen Salt water Spool (half Pool, half spa) with 20' Fountain; 10' ceiling covered patio with auto shading; Outdoor shower; pavered walk ways; artificial grass; natural gas Glass fire pit with built in seating; Wood Barrel 4-person wet/dry sauna; Additional above ground 5-person hot tub (bromine); bistro and up lighting throughout; Outdoor cooking Kiosk with BBQ, CONT:
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PRICE & RENT TRENDS
Neighborhood: Sonoran Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,980 |
| EXPENSES | Loan Payment | -$2,778 |
| Property Tax | -$577 | |
| Property Insurance | -$100 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$584
|
||
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.
$799,900
PROJECTED PRICE
$2,980
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.4% |
| 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
$217,724
LOAN DETAILS
$2,778
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,975 |
| Loan Amount | $599,925 |
1.58
YEARS SAVED
$7,792
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,980
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,287
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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6963 W Juana Drive Peoria, AZ 2
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- Rent Per SQFT
- $2,980
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LEASED 12/01/19- Rent
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- $2,750
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28790 N 68th Avenue Peoria, AZ 3
- 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005
LEASED 11/01/19- Rent
- Rent Per SQFT
- $3,075
- $0.84
-
28427 N 68th Avenue Peoria, AZ 4
- 5 beds 4 baths ∙ 3,852 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,852 Sqft ∙ Built 2008
LEASED 01/12/21- Rent
- Rent Per SQFT
- $4,000
- $1.04
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188725
Last Updated: 02/06/2021
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.
