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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $143.61
- 2 Days on Market
- MLS # : 6165553
- Updated Date : 11/28/2020 at 20:22
CONSTRUCTION
- Beds : 4
- Floor Size : 3,022 sqft
- Baths : 3 full
Listing Agent
Epic Home Realty
Listing Agent's Description
This is a lovely home with great upgrades, maintained with love and great care. A perfect home for a growing family. You can't beat the location...less than two miles to Loop 101, not much farther to the Arrowhead Mall, walking distance to Oakwood Elementary, and backing to Sweetwater Park with tennis and basketball courts and more. This home has lots of living space including two game rooms, two bathrooms, large master and two bedrooms upstairs, and one bedroom downstairs. Upstairs bathrooms have beautiful 24'' marble tile. The family room, living room, dining room and entry have beautiful, hand-scrapped wood laminate flooring. All interior walls and ceilings are insulated, providing both superb energy efficiency and extra quiet throughout!
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PRICE & RENT TRENDS
Neighborhood: Sweetwater Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sweetwater Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,601 |
| Property Tax | -$236 | |
| Property Insurance | -$86 | |
| HOA | -$0 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$298
|
||
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.
$434,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.4% |
| 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
$120,760
LOAN DETAILS
$1,601
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,500 |
| Loan Amount | $325,500 |
9.17
YEARS SAVED
$63,808
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
-
$2,488
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/15/19- Rent
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- $2,075
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14317 N 75th Lane Peoria, AZ 3
- 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.88
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8214 W Acoma Drive Peoria, AZ 4
- 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,495
- $0.90
PROPERTY LISTING DETAILS
Epic Home Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165553
Last Updated: 11/28/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
