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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $189.76
- 4 Days on Market
- MLS # : 6192179
- Updated Date : 02/14/2021 at 00:46
CONSTRUCTION
- Beds : 5
- Floor Size : 2,577 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Elegant, beautiful, move in ready 5 bedroom, 3 full bathroom home! Better than new! Family room opens up to the gourmet kitchen featuring recessed lighting, white cabinets, granite counter tops & stainless steel appliances. Sliding glass door opens up and WOW the view. No neighbors behind-- just gorgeous mountain views. Covered patio and perfectly landscaped low-maintenance backyard. One full bathroom and bedroom on the main floor makes it convenient for guests. Upstairs features a nice loft, master bedroom where you have those amazing mountain views again! Master bathroom has a huge walk-in upgraded tiled shower, dual sinks & walk-in closet. The other bathrooms have the upgraded features that you see throughout the kitchen & master bathroom. Schedule your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Mesquite
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mesquite
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,698 |
| Property Tax | -$307 | |
| Property Insurance | -$77 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$29
|
||
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.
$489,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$135,335
LOAN DETAILS
$1,698
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
5.5
YEARS SAVED
$29,147
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,467
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
7546 W Fetlock Trail Peoria, AZ 2
- 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,290
- $0.89
-
26237 N 74th Lane Peoria, AZ 1
- 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,250
- $0.96
-
7997 W Rock Springs Drive Peoria, AZ 3
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,295
- $0.89
-
7208 W Tether Trail Peoria, AZ 4
- 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,445
- $1.03
-
28811 N 66th Avenue Phoenix, AZ 5
- 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,856 Sqft ∙ Built 2017
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,700
- $0.95
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192179
Last Updated: 02/14/2021
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.
