Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $151.40
- 2 Days on Market
- MLS # : 6163313
- Updated Date : 11/21/2020 at 11:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,107 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful Glendale home, 3 bedroom/2 bathroom with office. Finished out attic space for storage, newer dual pane windows throughout and sun screens on all windows. This home features a beautiful backyard perfect for entertaining with custom pavers, extended patio, storage space, patio roll-down shades and outdoor tv area. Open floor plan with an extra large/tall kitchen island perfect for entertaining, holiday gatherings and storage galore. A split floor plan with a custom walk-in shower. Granite countertops throughout the entire home. This is a must see!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Oakhollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakhollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$171 | |
| Property Insurance | -$68 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$12
|
||
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.
$319,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.8% |
| 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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
5.5
YEARS SAVED
$22,189
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,749
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
11225 N 60th Avenue Glendale, AZ 2
- 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,510
- $0.72
-
5911 W Shangri La Road Glendale, AZ 1
- 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1991
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
11220 N 60th Drive Glendale, AZ 3
- 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 1992
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,625
- $0.84
-
6125 W Sierra Street Glendale, AZ 4
- 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
6419 W Sierra Street Glendale, AZ 5
- 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1980
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,825
- $0.91
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163313
Last Updated: 11/21/2020
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.
