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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $228.32
- 5 Days on Market
- MLS # : 6158931
- Updated Date : 11/25/2020 at 20:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,387 sqft
- Baths : 2 full , 1 half
Listing Agent
Phoenix View Realty
Listing Agent's Description
This RV friendly show stopper is now for sale in the highly sought after Meadows community! This like new home boasts tons of natural light, formal living & dining room, 4 bed, 2.5 bath, a family room with built-in custom cabinetry adjacent to kitchen, and cozy loft with endless possibilities for entertainment. Immaculate kitchen offers staggered cabinets, stainless steel appliances, pantry, center island w/breakfast bar, and granite counters. Beautiful master bedroom includes its own master bath for added ease and convenience. Full master bath is comprised of walk-in closet to storage all your belongings, separate tub, step-in shower, and dual sinks. The backyard is everything you'll ever need with a custom outdoor kitchen, pristine sparkling pool w/water feature, fire woks,
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PRICE & RENT TRENDS
Neighborhood: Camino Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camino Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$326 | |
| Property Insurance | -$74 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$549
|
||
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.
$545,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.9% |
| 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
$150,175
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
1
YEARS SAVED
$2,716
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,041
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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9852 W Quail Avenue Peoria, AZ 1
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LEASED 09/19/20- Rent
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- $1,895
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LEASED 02/28/20- Rent
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- $1,999
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-
9881 W Melinda Lane Peoria, AZ 3
- 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,000
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- 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.86
PROPERTY LISTING DETAILS
Phoenix View Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6158931
Last Updated: 11/25/2020
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.
