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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $222.71
- 2 Days on Market
- MLS # : 6197039
- Updated Date : 02/20/2021 at 17:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,986 sqft
- Baths : 2 full , 1 half
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Gorgeous upgraded single level, split floorplan home w/4 bedrooms, 2.5 bath plus den & huge laundry room. The beautiful entry doors welcome you into this breath taking home. There is Brazilian Cherry Hardwood Flooring and tile throughout, plantation shutters, ceiling fans, dual pane windows, Soft Water system & Ring Doorbell. The Remodeled Kitchen has Convection and Conventional Double ovens, Induction Cooktop with specialty cookware included, Stainless Steel Refrigerator & appliances, Pull Out kitchen cabinet shelves, Warming drawer, granite counter tops & kitchen island. French doors open up to the huge master w/large walk in closet, double sink vanity in master bathroom & walk in shower. The large back yard has a covered patio & is beautifully landscaped w/gravel and mature trees.
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PRICE & RENT TRENDS
Neighborhood: Kerby Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kerby Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$2,310 |
| Property Tax | -$473 | |
| Property Insurance | -$85 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$563
|
||
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.
$665,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.37%
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
$181,975
LOAN DETAILS
$2,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $166,250 |
| Loan Amount | $498,750 |
1.25
YEARS SAVED
$3,879
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
-
$2,665
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2011
LEASED 03/01/20- Rent
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- $2,650
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LEASED 07/24/20- Rent
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- $2,900
- $0.96
PROPERTY LISTING DETAILS
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197039
Last Updated: 02/20/2021
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.
