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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $163.81
- 4 Days on Market
- MLS # : 6178041
- Updated Date : 01/08/2021 at 03:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,564 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Spacious Beazer built 2 story 4 bd 3 full baths with guest bedroom main level & close to bath. (Great for guest or teens) Floor plan offers high ceiling entry way to both living, dining & family rooms, loft up stairs (makes great home office) with the other bedrooms. Nice balcony off loft with nice view of back yard with pebble Tec pool / waterfall. Paver patio has nice ramada too. Island kitchen has eat in area, butler pantry, granite look counters, clean top range, upgraded oak cabinets, lots of counter space, walk in pantry, recessed lighting, built in microwave. Home was upgraded with custom engineered wood floors & tile through out..... carpet only in Living room. The 3rd bay garage is separate so it makes nice work shop? Home has solar with low utilities bills!
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PRICE & RENT TRENDS
Neighborhood: Westwing Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westwing Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$331 | |
| Property Insurance | -$77 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$243
|
||
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.
$420,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
8.25
YEARS SAVED
$45,499
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,038
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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8625 W Quail Track Drive Peoria, AZ 4
- 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,230
- $0.87
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27336 N Higuera Drive Peoria, AZ 1
- 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
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27134 N 85th Drive Peoria, AZ 2
- 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.77
-
9267 W Black Hill Road Peoria, AZ 3
- 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
LEASED 01/13/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
-
7997 W Rock Springs Drive Peoria, AZ 5
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,295
- $0.89
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178041
Last Updated: 01/08/2021
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.
