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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $229.82
- 3 Days on Market
- MLS # : 6184513
- Updated Date : 01/23/2021 at 00:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,394 sqft
- Baths : 3 full
Listing Agent
American Security Realty, Llc
Listing Agent's Description
This is the HOME!!! This beautiful home is situation on 2.3 acres of irrigated horse property wonderful features. This exquisite property features a large barn, horse stalls, corral, and flood irrigation. Home features wood trim, solid wood doors, open floor plan, and rustic accents. The spacious open kitchen offers lots of storage, stone tile backsplash, matching SS appliances, and an island with a wine fridge. The home offers two gorgeous slate stone fireplaces, one in the family room and one in the master suite, custom tile in each bathroom, and full in-law suite with separate kitchen. Close to shopping, dining, and entertainment. Country living with city amenities.
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PRICE & RENT TRENDS
Neighborhood: Palo Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palo Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,260 |
| EXPENSES | Loan Payment | -$2,709 |
| Property Tax | -$475 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$116
|
||
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.
$780,000
PROJECTED PRICE
$3,260
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$212,450
LOAN DETAILS
$2,709
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $195,000 |
| Loan Amount | $585,000 |
4.5
YEARS SAVED
$35,305
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
-
$3,598
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
7145 W Acoma Drive Peoria, AZ 1
- 5 beds 3 baths ∙ 3,394 Sqft ∙ Built 1976 5 beds 3 baths ∙ 3,394 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12225 N 65th Drive Glendale, AZ 2
- 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981
LEASED 01/15/20- Rent
- Rent Per SQFT
- $3,500
- $1.06
PROPERTY LISTING DETAILS
American Security Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184513
Last Updated: 01/23/2021
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.
