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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $309.92
- 45 Days on Market
- MLS # : 6165265
- Updated Date : 01/07/2021 at 22:16
CONSTRUCTION
- Beds : 3
- Floor Size : 3,630 sqft
- Baths : 3 full
Listing Agent
Thomas Popa & Associates Llc
Listing Agent's Description
Price Reduction!! EXQUISITE residence, fully furnished (minus excluded items), w/mountain, golf & city lights views--a TRIFECTA in coveted Greythorn Village, closest enclave to the Superstition Range. A Lyle Anderson community, gated w/private streets, 36-holes Nicklaus-designed golf, a fully amenitized country club in Gold Canyon, Arizona's best kept secret. Upgraded t/o, professionally decorated at the end of a quiet cul de sac. Expanded floor plan overlooking a golf park of 3 fairways. Granite counters t/o, wood & stone floors, upgraded light & bath fixtures, wood casement windows. Eight foot solid core Alder doors. Kitchen island, breakfast bar, Viking appliances, custom cabinets, Subzero wine cabinet. Upstairs oversized guest 3rd bedroom retreat w/Murphy bed in a media room set up.
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PRICE & RENT TRENDS
Neighborhood: Greythorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greythorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,700 |
| EXPENSES | Loan Payment | -$3,908 |
| Property Tax | -$939 | |
| Property Insurance | -$98 | |
| HOA | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,419
|
||
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.
$1,125,000
PROJECTED PRICE
$3,700
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.7% |
| 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
$303,875
LOAN DETAILS
$3,908
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $281,250 |
| Loan Amount | $843,750 |
0.25
YEARS SAVED
$392
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,939
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
8048 E Greythorn Drive Gold Canyon, AZ 1
- 3 beds 3 baths ∙ 3,630 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,630 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2565 S Sycamore Village Drive Gold Canyon, AZ 2
- 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,250
- $0.97
-
7436 E Golden Eagle Circle Gold Canyon, AZ 3
- 3 beds 3 baths ∙ 3,487 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,487 Sqft ∙ Built 1999
LEASED 11/01/20- Rent
- Rent Per SQFT
- $4,200
- $1.20
PROPERTY LISTING DETAILS
Thomas Popa & Associates Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165265
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
