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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $157.67
- 7 Days on Market
- MLS # : 6197241
- Updated Date : 02/26/2021 at 21:52
CONSTRUCTION
- Beds : 3
- Floor Size : 2,150 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
72 Hour Home Sale! Inquire immediately. Great curb appeal for this charming Manzanita model 3 bed, den and 2 bath home that is located in the Anthem At Merrill Ranch community. Carpet & tile in all the right places. Home office. Open concept floor plan. Family room has beautiful wood-like vinyl wood floors. The bedrooms have plush carpeting & ceiling fans. The primary bedroom has a 3/4 bath with double vanity and a walk-in closet. Interior laundry. The garage has epoxy floors and includes rack storage. The backyard has an extended covered patio and good landscaping. Over $30K in upgrades--see Supplement. Fabulous Anthem amenities and golf courese.
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PRICE & RENT TRENDS
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem at Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$182 | |
| Property Insurance | -$69 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$339,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
6
YEARS SAVED
$22,852
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
-
$1,828
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/14/20- Rent
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- $1,795
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PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197241
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.
