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INVESTimate
$370,000
List Price
$103,800
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $118.78
- 1 Days on Market
- MLS # : 6120209
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 5
- Floor Size : 3,115 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This spacious home w/Pebble Tec pool backs up to a lush greenbelt area. Upon entry, you'll notice the generous size living/dining room w/direct access to full-length covered patio, 1st floor bedroom w/full bathroom, eat-in kitchen area and greatroom w/direct access to the backyard. Enjoy cooking your favorite culinary treats in this lovely kitchen w/upgraded cabinets, stainless steel appliances and pantry. Plenty of counter tops and cabinet space. The second floor includes a huge master suite w/exit to full-length balcony, generous size ensuite with his/her closets, 3 additional secondary bedrooms, another full bath, office nook and laundry room. Outside, you'll enjoy a tranquil, spacious backyard w/only 1 neighbor, refreshing pool & water feature w/plenty of entertainment space.
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PRICE & RENT TRENDS
Neighborhood: Waddell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waddell
* 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 | $1,660 |
EXPENSES | Loan Payment | -$1,365 |
Property Tax | -$222 | |
Property Insurance | -$88 | |
HOA | -$85 | |
Property Management Fees | -$99 | |
CASH FLOW
-$199
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$370,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 5.48% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $92,500 |
Loan Amount | $277,500 |
3
YEARS SAVED
$10,216
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
-
$1,791
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6120209
Last Updated: 08/26/2020

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.