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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $149.20
- 1 Days on Market
- MLS # : 6160782
- Updated Date : 11/14/2020 at 18:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,823 sqft
- Baths : 2 full
Listing Agent
S.j. Fowler Real Estate, Inc.
Listing Agent's Description
Move in today! This spacious single-owner home has been newly repainted inside and out. Energy-efficient with stucco over Integra block walls, ceiling fans, and shade screens. Breakfast nook/family room off kitchen with formal dining room too. Spacious living room with vaulted ceiling and fireplace. Master bedroom has tiled floor including large master bath with walk-in closet. Other bedrooms are newly carpeted. Two-car garage and no HOA! Beautiful park around the corner to enjoy. Convenient location near Park West shopping center, Westgate, State Farm stadium,Desert Diamond casino, St. Joseph's Westgate Medical Center, and Valley Metro Park-and-Ride. See it, love it, and move in!
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PRICE & RENT TRENDS
Neighborhood: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$1,004 |
| Property Tax | -$131 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$74
|
||
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.
$272,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$77,830
LOAN DETAILS
$1,004
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,000 |
| Loan Amount | $204,000 |
7.33
YEARS SAVED
$28,593
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
-
$1,495
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/16/19- Rent
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- $1,300
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10807 W Kaler Drive Glendale, AZ 3
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LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,375
- $0.70
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10737 W Belmont Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1984
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.80
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10908 W Orangewood Avenue Glendale, AZ 5
- 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,575
- $0.91
PROPERTY LISTING DETAILS
S.j. Fowler Real Estate, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160782
Last Updated: 11/14/2020
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.
