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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $181.79
- 1 Days on Market
- MLS # : 6188008
- Updated Date : 01/31/2021 at 01:10
CONSTRUCTION
- Beds : 4
- Floor Size : 3,273 sqft
- Baths : 3 full , 1 half
Listing Agent
Az Cornerstone Realty, Llc
Listing Agent's Description
2 Master Suites with Deluxe Bathrooms and Spacious Walk In Closets. Both on the Ground Level! Expansive Great Room with a Gourmet Kitchen. Work from Home Office. Loft upstairs can be used as Game Room, Children Play area or both. Backyard Patio with HUGE ALUMAWOOD covered Sunshade Awning. Great for Entertaining or just Relaxing after a Hard Day at the Office. This home also has Gutters installed to provide extra protection when it rains.
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PRICE & RENT TRENDS
Neighborhood: Rock Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rock Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$2,067 |
| Property Tax | -$384 | |
| Property Insurance | -$91 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$595,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 1.6% |
| 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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
2.83
YEARS SAVED
$13,506
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
-
$2,602
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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7912 W Quail Track Drive Peoria, AZ 1
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- $0
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LEASED 10/01/19- Rent
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- $2,250
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,400
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7531 W Andrea Drive Peoria, AZ 4
- 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.78
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7315 W Briles Road Peoria, AZ 5
- 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,700
- $0.85
PROPERTY LISTING DETAILS
Az Cornerstone Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188008
Last Updated: 01/31/2021
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.
