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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $239.85
- 3 Days on Market
- MLS # : 6160538
- Updated Date : 11/20/2020 at 15:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,428 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
As you walk thru the front door be ready to be awed. The high vaulted ceilings in the living room and dining rooms have LED lights and custom fans with colorful travertine/ceramic floors in the common areas. The showcase kitchen has black speckled granite countertops and shelves with dual convection wall ovens. The kitchen island features a hammered copper double sink. The Tigerwood cabinets are soft close with pullouts. A wide open great room for entertaining around the wood fireplace. The vaulted master bedroom has a large walk in closet with a exceptional shower that has a vaulted tiled shower with dual heads and a glass barndoor. The two other bedrooms are roomy with nice wall closets. Leaving the family area onto the pavered covered patio you have a Six person Therapy spa with chiller
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PRICE & RENT TRENDS
Neighborhood: Thunderbird Palms-Hickory Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Thunderbird Palms-Hickory Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$1,264 |
| Property Tax | -$183 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$341
|
||
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.
$342,500
PROJECTED PRICE
$1,260
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.8% |
| 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
$96,513
LOAN DETAILS
$1,264
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,625 |
| Loan Amount | $256,875 |
1.42
YEARS SAVED
$2,736
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
-
$1,317
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
13209 N 56th Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985
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- $0
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5534 W Calavar Road Glendale, AZ 2
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978
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LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,325
- $0.84
-
4821 W Bloomfield Road Glendale, AZ 3
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
5154 W Riviera Drive Glendale, AZ 4
- 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,525
- $0.95
-
5157 W Laurel Avenue Glendale, AZ 5
- 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
![property image]()
LEASED 01/05/20- Rent
- Rent Per SQFT
- $1,575
- $0.98
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160538
Last Updated: 11/20/2020
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.
