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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $242.41
- 3 Days on Market
- MLS # : 6196716
- Updated Date : 02/20/2021 at 17:45
CONSTRUCTION
- Beds : 2
- Floor Size : 1,646 sqft
- Baths : 2 full
Listing Agent
Superlative Realty
Listing Agent's Description
Beautiful home located in the exclusive Encanterra Country Club. The floor plan is called Canne. Split bedrooms. Private golf course and full amenities, including swimming, tennis, gym, and several restaurants. This home is ready to move into today! Home already has fence surrounding the property. The owners added upwards of $28,000 in upgrades.Installed in 2020 a 2 stage Rheem 3 1/2 ton 17 SEER AC/Heater Entire interior freshly painted New carpet in Master bedroom Stackable full size washer and dryer Levolor thermal cellular shades in whole house Ceiling fans in great room Ceiling fan in master Installed in 2021: Dishwasher Granite countertops Stainless steel sink New disposal Brushed stainless faucet in kitchen Garage has been freshly painted
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PRICE & RENT TRENDS
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanterra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$240 | |
| Property Insurance | -$59 | |
| HOA | -$127 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$399,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
5.5
YEARS SAVED
$23,682
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$2,090
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
790 E Vesper Trail San Tan Valley, AZ 3
- 2 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,920
- $1.17
-
1602 E Azafran Trail San Tan Valley, AZ 1
- 2 beds 2 baths ∙ 1,314 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,314 Sqft ∙ Built 2012
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,599
- $1.22
-
631 E Myrtle Pass San Tan Valley, AZ 2
- 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.32
PROPERTY LISTING DETAILS
Superlative Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196716
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.
