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INVESTimate
$339,900
List Price
$95,824
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $180.51
- 2 Days on Market
- MLS # : 6119313
- Updated Date : 08/25/2020 at 12:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,883 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Immaculate Home, like new 2 story, 3 bed 2.5 bath home. This home has privacy on the end of the street. It is right across from the pool with all the benefits of a pool without the headache. Upgraded with all stainless steel appliances, soft closing drawers, cooking on a gas range and a very low maintenance back yard. Cozy up on the couch in the open living room downstairs or enjoy the huge loft upstairs! Convenient Upstairs laundry! This home works great as a winter home and makes great money with Air b&b in the summer months. Extra storage space in the 2.5 car garage! Schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Travata
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Travata
* 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 | $1,600 |
EXPENSES | Loan Payment | -$1,254 |
Property Tax | -$216 | |
Property Insurance | -$64 | |
HOA | -$105 | |
Property Management Fees | -$99 | |
CASH FLOW
-$138
|
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.
$339,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.32% |
Appreciation Year (1-5) | 4.18% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.56% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $84,975 |
Loan Amount | $254,925 |
3.42
YEARS SAVED
$11,709
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,610
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119313
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.