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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $207.68
- 3 Days on Market
- MLS # : 6196804
- Updated Date : 02/20/2021 at 16:45
CONSTRUCTION
- Beds : 2
- Floor Size : 2,162 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Welcome to this modified Santa Barbara home sitting on a larger south facing lot, ext'd, covered & coated patio, fully fenced spacious & private backyard. Inside you are greeted by a neutral palette, tile thru-out the home. Open kitchen with classy counters, island w/ gas cook top, matching appliances, wall oven w /microwave. Rare find w/ a den behind kitchen & 1/2 bath of family room. HVAC updated 2016, roof updated 2017, kitchen windows replaced in 2020. Garage has epoxy coating, laundry and lots of storage. Newer like-new Furniture available for $20,000. Seller resided in home seasonally at best.Relax and enjoy the amenity rich WBV lifestyle w/ 2 Champ golf courses, pickelball, tennis, and clubs for everyone PLUS prox. to Loop 101 & P83.
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PRICE & RENT TRENDS
Neighborhood: Cypress Point Estates at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress Point Estates at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$244 | |
| Property Insurance | -$69 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$34
|
||
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.
$449,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.9% |
| 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
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
6.08
YEARS SAVED
$30,949
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,816
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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8921 W Wescott Drive Peoria, AZ 5
- 2 beds 3 baths ∙ 2,162 Sqft ∙ Built 1993 2 beds 3 baths ∙ 2,162 Sqft ∙ Built 1993
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- Rent
- Rent Per SQFT
- $2,010
- $0.93
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9202 W Behrend Drive Peoria, AZ 1
- 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989
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LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,450
- $0.79
-
18837 N 89th Lane Peoria, AZ 2
- 2 beds 2 baths ∙ 1,835 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,835 Sqft ∙ Built 1993
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
18423 N 94th Drive Sun City, AZ 3
- 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978 2 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978
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LEASED 02/19/21- Rent
- Rent Per SQFT
- $1,750
- $0.86
-
8363 W Rosemonte Drive Peoria, AZ 4
- 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 1994 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 1994
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,800
- $0.84
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196804
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.
