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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $154.22
- 3 Days on Market
- MLS # : 6186303
- Updated Date : 01/31/2021 at 03:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,977 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
LARGE 3 BEDROOM HOME ON PRIVATE CUL-DE-SAC! NO HOA! RV GATE. At 1,977 SF, this classic block home on a BIG LOT features separate family room, living room, and dining room. Master bedroom boasts en suite bathroom. Home is CLEAN, ORIGINAL, and WELL-MAINTAINED. Also features in-door laundry, 2 car garage WITH WALL AC UNIT and storage, and storage shed. Don't miss out on making this low-maintenance home your own!
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PRICE & RENT TRENDS
Neighborhood: Newcastle Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newcastle Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$191 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$216
|
||
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.
$304,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| 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
$86,549
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
9.33
YEARS SAVED
$39,538
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,764
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
12817 N 44th Lane Glendale, AZ 2
- 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,630
- $0.82
-
12427 N 49th Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,545
- $0.78
-
4726 W Poinsettia Drive Glendale, AZ 3
- 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,849
- $0.95
-
4315 W Redfield Road Glendale, AZ 4
- 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,905
- $0.91
-
3745 W Willow Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186303
Last Updated: 01/31/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
