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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $437.72
- 2 Days on Market
- MLS # : 6170584
- Updated Date : 12/12/2020 at 02:25
CONSTRUCTION
- Beds : 2
- Floor Size : 2,280 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Rare Charming Mediterranean One Level Villa with No Interior Steps. Fabulous End Unit with a Unique Corner Location. Enter Your Serene & Sophisticated Paradise through a Unique Hand Carved Wood Front Door. Natural Light throughout! Antique Chicago Bricks in Front & Back Patios. This Villa has preserved the Charming Hand Formed Tellavera Tile which tells Part of the History of Colonia Encantada. Viking Appliances, Beautiful Provenca Oak Wire Brushed Hand Distressed Hardwood Floors, Soaring Vaulted Ceilings with Amazing Chandeliers and Lighting throughout. Master Bathroom has a New Walk in Shower with a 36'' opening accented with Tellavera Tile. 2019 100 AMP Sub Panel & 200 AMP Main Breaker. 2019 Landscape Transformer & Lamps, 2019 (2) Hard Wired Smoke Detectors, 2020 Expoxy Garage Floor
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PRICE & RENT TRENDS
Neighborhood: Cuernavaca Segundo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cuernavaca Segundo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,880 |
| EXPENSES | Loan Payment | -$3,682 |
| Property Tax | -$597 | |
| Property Insurance | -$72 | |
| HOA | -$603 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,173
|
||
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.
$998,000
PROJECTED PRICE
$3,880
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.6% |
| 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
$270,220
LOAN DETAILS
$3,682
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
0.33
YEARS SAVED
$936
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
-
$3,352
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/23/19- Rent
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- $2,650
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LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,750
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8007 N 73rd Street Scottsdale, AZ 4
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LEASED 10/16/20- Rent
- Rent Per SQFT
- $3,400
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LEASED 12/21/20- Rent
- Rent Per SQFT
- $3,950
- $1.62
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170584
Last Updated: 12/12/2020
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.
