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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $197.30
- 3 Days on Market
- MLS # : 6188528
- Updated Date : 02/06/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,520 sqft
- Baths : 2 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Nicely Remodeled Home with LOTS of Updates. Come enjoy the New Granite Countertops and Subway Tile backsplash. Stainless Steel Appliances. Fresh New Carpet and Wood look Tile throughout this home. Stay cozy on winter days by the stacked stone fireplace. Master Bedroom features its own Private Bathroom with Dual Vanities and Dual Closets (the one almost as big as a bedroom!) Modern Ceiling Fans in every bedroom. No maintenance landscaping. Excellent proximity to schools, restaurants, and shopping. No HOA. Hurry, this one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Cove at Thunderbird
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cove at Thunderbird
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$184 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$91
|
||
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.
$299,900
PROJECTED PRICE
$1,290
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
4.08
YEARS SAVED
$11,302
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,357
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
14250 N 50th Lane Glendale, AZ 1
- 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $0.85
-
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
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,325
- $0.84
-
14232 N 50th Lane Glendale, AZ 3
- 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,525
- $0.94
-
5227 W Hearn Road Glendale, AZ 4
- 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972
![property image]()
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,585
- $0.87
-
5119 W Port Au Prince Lane Glendale, AZ 5
- 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
![property image]()
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188528
Last Updated: 02/06/2021
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.
