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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $280.99
- 2 Days on Market
- MLS # : 6196445
- Updated Date : 02/21/2021 at 01:02
CONSTRUCTION
- Beds : 2
- Floor Size : 1,420 sqft
- Baths : 2 full
Listing Agent
Lori Blank & Associates, Llc
Listing Agent's Description
STUNNING HOME AWAITS YOUR ARRIVAL! COMPLETE UPDATE from top to bottom. A beautiful front flagstone courtyard greets you as you enter the home. Wonderful all wood-planked tile flooring is throughout the home! The kitchen offers beautiful solid wood sleek style cabinetry with slab-veined granite countertops. All newer state-of-the-art appliances including a European high-tech oven! Great room offers soaring ceilings leading to the beautiful private backyard. Double doors lead to the primary suite opening to ensuite with tiled walk-in shower and dual raised sinks. The guest suite features a large walk-in closet with a full-sized bath. There is a large space perfect for office, craft room right off the kitchen. The backyard is a DREAM, complete with a Built-in kitchen & bar seating. FURNISHED
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PRICE & RENT TRENDS
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gold Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$312 | |
| Property Insurance | -$54 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$345
|
||
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.
$399,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
1.33
YEARS SAVED
$2,407
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,154
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
8998 E Brittle Bush Road Gold Canyon, AZ 4
- 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,520
- $1.10
-
6116 S Borego Road Gold Canyon, AZ 1
- 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997
LEASED 11/01/19- Rent
- Rent Per SQFT
- $845
- $0.80
-
8753 E Sandtrap Court Gold Canyon, AZ 2
- 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
6453 S Palo Blanco Drive Gold Canyon, AZ 3
- 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
PROPERTY LISTING DETAILS
Lori Blank & Associates, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196445
Last Updated: 02/21/2021
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.
