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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $219.19
- 3 Days on Market
- MLS # : 6193177
- Updated Date : 02/14/2021 at 04:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,897 sqft
- Baths : 3 full
Listing Agent
Offerpad
Listing Agent's Description
Beautiful curb appeal for this gorgeous 4 bed, 3 bath, 3 car garage home with an extended driveway to the RV gates and parking. Large leased solar system. Formal living & dining. Beautiful laminate wood & tile floors throughout. Double door entry to the home office. Spacious open floor plan for the kitchen, dining, and family room. The stunning kitchen has a plethora of custom cabinets, Corian counters, island with breakfast bar. Generous sized bedrooms. The laundry room has storage and a wash sink. The owner's suite has a full bath and walk-in closet. The large backyard is an entertainer's delight with a covered patio, pebble tec pool & spa with water feature, full outdoor kitchen, outdoor bar top, lawn area, and so much more! Make this your new home today!
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PRICE & RENT TRENDS
Neighborhood: Fletcher Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fletcher Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,206 |
| Property Tax | -$432 | |
| Property Insurance | -$84 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$385
|
||
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.
$635,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.6% |
| 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
$174,025
LOAN DETAILS
$2,206
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $158,750 |
| Loan Amount | $476,250 |
2.25
YEARS SAVED
$9,807
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,506
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,349
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LEASED 08/05/20- Rent
- Rent Per SQFT
- $3,200
- $1.09
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193177
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.
