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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $199.89
- 2 Days on Market
- MLS # : 6194277
- Updated Date : 02/20/2021 at 08:15
CONSTRUCTION
- Beds : 5
- Floor Size : 4,502 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
This is a stunning home inside & out. 5 bedroom, 3.5 baths of luxury! Beautiful curb appeal with a 4 car garage & RV gate. RV parking is allowed. Enter through the gorgeous ornate front doors to formal living & dining with vaulted ceilings, soft color palette, Plantation Shutters, a gorgeous feature wall with a fireplace. A spacious open floor plan for the kitchen, dining, and family room. The family room has a wet bar. The stunning eat-in kitchen has a plethora of custom cabinets, gorgeous granite counters, island with electric cooktop & breakfast bar, wall mount double ovens & microwave. Guest bedroom & bath downstairs. The huge loft area has many possibilities! Generous sized bedrooms. Bathrooms have been updated throughout. The large backyard is an entertainers delight.
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PRICE & RENT TRENDS
Neighborhood: Silver Crest at Treasure Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silver Crest at Treasure Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,540 |
| EXPENSES | Loan Payment | -$3,126 |
| Property Tax | -$489 | |
| Property Insurance | -$115 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$342
|
||
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.
$899,900
PROJECTED PRICE
$3,540
PROJECTED RENT
0.39%
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
$244,224
LOAN DETAILS
$3,126
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $224,975 |
| Loan Amount | $674,925 |
3.42
YEARS SAVED
$25,932
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,540
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$3,827
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,600
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- 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2003
LEASED 04/16/20- Rent
- Rent Per SQFT
- $4,500
- $1.05
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194277
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.
