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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $193.91
- 2 Days on Market
- MLS # : 6165565
- Updated Date : 11/28/2020 at 11:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,166 sqft
- Baths : 2 full
Listing Agent
Homie
Listing Agent's Description
Beautiful move-in ready home! Featuring vaulted ceilings, gas fireplace, tile flooring, a carpet allowance for bedrooms and tons of natural light. 4 bedrooms, formal living and dining, and a family room that is open to a NEW upgraded eat-in kitchen with granite counter tops. PLUS added features include NEW Solar panels and NEW AC! Step outside to the spacious backyards covered patio, heated pool and built-in spa and landscaping with fruit trees and palms.
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PRICE & RENT TRENDS
Neighborhood: Dove Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dove Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$286 | |
| Property Insurance | -$69 | |
| HOA | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$310
|
||
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
$1,750
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
1.83
YEARS SAVED
$5,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,906
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9240 W Melinda Lane Peoria, AZ 3
- 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,750
- $0.81
-
9632 W Mary Ann Drive Peoria, AZ 1
- 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1998
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
8780 W Melinda Lane Peoria, AZ 2
- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2001
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
20870 N 91st Drive Peoria, AZ 4
- 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,950
- $0.90
-
21262 N 91st Lane Peoria, AZ 5
- 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,999
- $0.91
PROPERTY LISTING DETAILS
Homie
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165565
Last Updated: 11/28/2020
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.
