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INVESTimate
$1,200,000
List Price
$323,750
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $419.14
- 2 Days on Market
- MLS # : 6121758
- Updated Date : 08/25/2020 at 11:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,863 sqft
- Baths : 3 full , 1 half
Listing Agent
Launch Real Estate
Listing Agent's Description
Prime culdesac location ''inside the Arabian loop'' with direct backyard access to the famous Greenbelt. Upgraded with soft contemporary finishes. Home includes 12x24 tile throughout main areas, & two family rooms including one in front of the home with vaulted ceiling, wood-burning fireplace, and front courtyard access. Great room open to kitchen has two separate sliding doors to rear patio. Bright kitchen features quartz countertops, LED lights, induction range, slab-front cabinetry, & stainless appliances. Master split & bedroom 4 has a private ensuite bath. Awesome rear yard has huge grassy area, sport court, diving pool with new pebble-tec surface, rear yard gate to greenbelt. 2.5 car garage has epoxy floor, upgraded landscaping, fresh paint, updated bathrooms, & coveted 3C's schools.
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PRICE & RENT TRENDS
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Park Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,560 |
EXPENSES | Loan Payment | -$4,427 |
Property Tax | -$561 | |
Property Insurance | -$83 | |
Property Management Fees | -$99 | |
CASH FLOW
-$1,611
|
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.
$1,200,000
PROJECTED PRICE
$3,560
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 4.08% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,750
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $300,000 |
Loan Amount | $900,000 |
0.25
YEARS SAVED
$633
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
-
$3,743
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121758
Last Updated: 08/25/2020

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.