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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $137.48
- 2 Days on Market
- MLS # : 6160544
- Updated Date : 11/13/2020 at 22:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,182 sqft
- Baths : 2 full , 1 half
Listing Agent
Denman Realty Group, L.l.c
Listing Agent's Description
Attractive 4 bed, 2.5 bath plus loft home located in highly desirable Cheatham Farms subdivision. Downstairs includes, formal living and dining room, kitchen, eating area, family room, 1/2 bath, laundry & 2-car garage. Upstairs includes 3 bedrooms, loft, hall bath and owner suite. Home is freshly painted and has all new carpet. Kitchen has new granite look counter tops & all appliances. Owner suite has large bedroom, private toilet room, garden style tub, spacious vanity & large walk-in closet. Home sits on large lot with desert landscaping in the front & freshly planted winter grass in back. Home sits directly across street from large community green space. Home is located near abundant shopping and just 1 mile east of new South Mountain Loop 202 and easy access to all of Metro Phoenix,
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PRICE & RENT TRENDS
Neighborhood: Cheatham Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheatham Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$268 | |
| Property Insurance | -$70 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$126
|
||
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.
$299,990
PROJECTED PRICE
$1,440
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.1% |
| 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
$85,247
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,998 |
| Loan Amount | $224,993 |
3.42
YEARS SAVED
$10,331
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
-
$1,566
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/31/20- Rent
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- $1,399
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LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,495
- $0.77
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LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,550
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LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
PROPERTY LISTING DETAILS
Denman Realty Group, L.l.c
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160544
Last Updated: 11/13/2020
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.
