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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $206.52
- 2 Days on Market
- MLS # : 6195073
- Updated Date : 02/20/2021 at 06:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,300 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Sitting gorgeous on a pristine corner lot, this awesome Val Vista Lakes home is located in one of the most desirable communities in the East Valley! Formal living/dining room is great for entertaining 2 or 20! The awesome kitchen boasts electric cook top, multiple ovens, R/O water system, dishwasher, refrigerator, pantry, granite counters & kitchen island making mealtime prep easier! The owner's suite is built on a masterly scale and accommodates even the most lavish furnishings! The owner's luxurious bath offers separate tub/shower, dual sinks and a huge closet! 3 guest bedrooms with ceiling fans PLUS a HUGE bonus room for fun family indoor activities, huge office or media room. The spacious family room is an entertainer's dream with the patio door leading outside to a beautiful grassy b
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PRICE & RENT TRENDS
Neighborhood: Patterson Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Patterson Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$279 | |
| Property Insurance | -$72 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$475,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5.25
YEARS SAVED
$25,887
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
-
$2,323
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/01/20- Rent
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- $2,450
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- $2,650
- $1.10
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195073
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.
