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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $223.00
- 2 Days on Market
- MLS # : 6165573
- Updated Date : 11/28/2020 at 11:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Beautiful 3 beds 2 bath home perfectly located few blocks away from 202 freeway and university. This home has tile thru main areas, nice green backyard with a shed for tools and 2 car garage. Also, it's close to schools, shopping malls and parks. Home ready to move in!
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PRICE & RENT TRENDS
Neighborhood: University Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$171 | |
| Property Insurance | -$53 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
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.
$289,900
PROJECTED PRICE
$1,360
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
3.67
YEARS SAVED
$11,173
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,472
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
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- $1,450
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- $1,495
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LEASED 10/23/20- Rent
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- $1,595
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- $1,650
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PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165573
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.
