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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $245.04
- 5 Days on Market
- MLS # : 6192370
- Updated Date : 02/11/2021 at 16:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,612 sqft
- Baths : 2 full
Listing Agent
Century 21 Northwest
Listing Agent's Description
Excellent 4bed/2bath Glendale home situated on a premium corner lot with RV gates. This gem features charming curb appeal leading into the light and bright interior enhanced with a beautiful stone fireplace, wood look and tile flooring and a functional fluid floorplan. Kitchen boasts stainless steel appliances, stylish backsplash and a plethora of warm wood cabinetry. Master retreat includes private en suite. The other bedrooms are generously sized and offer flexibility. The amazing outdoor entertaining area is complete with a covered patio, built in BBQ, above ground spa and a sparkling pool! It's the perfect spot to enjoy Arizona outdoors. NO HOA! Do not miss out. See it today.
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PRICE & RENT TRENDS
Neighborhood: Bell-Greenway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bell-Greenway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$211 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$421
|
||
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.
$395,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.33%
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
0.83
YEARS SAVED
$1,299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,330
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
15402 N 56th Avenue Glendale, AZ 2
- 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,320
- $0.82
-
5816 W Gelding Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1984
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,300
- $0.77
-
14487 N 58th Lane Glendale, AZ 3
- 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1983
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
5009 W Beverly Lane Glendale, AZ 4
- 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.83
-
5203 W Sandra Terrace Glendale, AZ 5
- 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,545
- $0.89
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192370
Last Updated: 02/11/2021
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.
