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INVESTimate
$899,000
List Price
$243,985
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $626.04
- 2 Days on Market
- MLS # : ML81807673
- Updated Date : 08/25/2020 at 14:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,436 sqft
- Baths : 2 full , 1 half
Listing Agent
Alliance Bay Realty
Listing Agent's Description
This one is a stunner! Upgraded, move in ready home in the Villa Paseo community of Gale Ranch. Home is located close to open, green area. Built in 2004 by Shapell homes. 3 bedrooms, 2.5 bathrooms. Newer, light colored laminate floor throughout the home. Crown molding. Upgraded kitchen with newer stainless steel appliances. 2 car attached garage. Central vacuum. A spacious master bedroom suite with walk in closet and custom built in organizers. Low maintenance backyard. HOA has a community pool. Home is close to the top rated schools, parks, trails and shopping. Welcome home!
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PRICE & RENT TRENDS
Neighborhood: Gale Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gale Ranch
* 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 | $3,310 |
EXPENSES | Loan Payment | -$3,317 |
Property Tax | -$1,029 | |
Property Insurance | -$62 | |
HOA | -$175 | |
Property Management Fees | -$162 | |
CASH FLOW
-$1,435
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$899,000
PROJECTED PRICE
$3,310
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 6.15% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$243,985
LOAN DETAILS
$3,317
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $224,750 |
Loan Amount | $674,250 |
0.17
YEARS SAVED
$186
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
-
$2,973
COMP ESTIMATED VALUE -
$2.07
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Alliance Bay Realty