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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $402.68
- 4 Days on Market
- MLS # : 6168294
- Updated Date : 12/11/2020 at 11:23
CONSTRUCTION
- Beds : 5
- Floor Size : 3,725 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
RARE FIND! Beautiful remodeled custom home located in desirable Pima Acres. Situated on 1.7 acres of land, this home boasts stunning views from the McDowell Mountains to Camelback Mountain. As you walk up to the home you'll find a spacious front patio where you can relax and enjoy city lights accompanied by stereo speakers. Once you walk through the front door you will be greeted with light and space drawing attention to the detail that was considered in this remodel. The open floor plan features wood and travertine flooring, granite and stainless steel appliances in the kitchen. The spa like owners suite is spacious and includes a fireplace and sitting area. Owner's bath has a beautiful free standing tub and walk in
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PRICE & RENT TRENDS
Neighborhood: Pima Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pima Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $5,680 |
EXPENSES | Loan Payment | -$5,534 |
Property Tax | -$702 | |
Property Insurance | -$100 | |
HOA | -$1 | |
Property Management Fees | -$99 | |
CASH FLOW
-$756
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,499,999
PROJECTED PRICE
$5,680
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.36% |
Appreciation Year (1-5) | 2.5% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 7.72% |
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
$403,250
LOAN DETAILS
$5,534
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $375,000 |
Loan Amount | $1,124,999 |
3
YEARS SAVED
$42,829
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$5,662
COMP ESTIMATED VALUE -
$1.52
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168294
Last Updated: 12/11/2020

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.