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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $254.62
- 5 Days on Market
- MLS # : 6186160
- Updated Date : 01/28/2021 at 22:55
CONSTRUCTION
- Beds : 3
- Floor Size : 3,731 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
3.5 ACRES! This truly impressive property gives you desert landscaping and 2.5 car garage. Step inside this beauty to find a fantastic interior complete with huge windows that bring in so much natural light, Saltillo tile, wood-burning fireplace, and luxurious light fixtures. Enjoy cooking your favorite recipes in this impeccable kitchen w/granite counter-tops, breakfast bar, and black matching appliances. Inside this unbelievable master suite, you will find a gorgeous wooden roof, private exit, fireplace, and lavish bathroom with tub, step-in shower, dual sinks, and walk-in closet. Enjoy incredible mountain views from your backyard including a covered patio w/fireplace and huge pool. Hurry! Make this gem yours today!
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PRICE & RENT TRENDS
Neighborhood: Leigh Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Leigh Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,960 |
| EXPENSES | Loan Payment | -$3,300 |
| Property Tax | -$367 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$94
|
||
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.
$950,000
PROJECTED PRICE
$3,960
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.1% |
| 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
$257,500
LOAN DETAILS
$3,300
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $237,500 |
| Loan Amount | $712,500 |
6.08
YEARS SAVED
$66,301
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,960
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$4,533
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
7343 E Horizon Drive Carefree, AZ 2
- 3 beds 3 baths ∙ 3,731 Sqft ∙ Built 1973 3 beds 3 baths ∙ 3,731 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $3,960
- $1.06
-
36210 E Sidewinder Road Carefree, AZ 1
- 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,905 Sqft ∙ Built 1983
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,750
- $0.96
-
8239 E Paint Pony Drive Carefree, AZ 3
- 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984
LEASED 01/24/21- Rent
- Rent Per SQFT
- $5,500
- $1.47
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186160
Last Updated: 01/28/2021
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.
