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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $182.34
- 3 Days on Market
- MLS # : 6162536
- Updated Date : 11/20/2020 at 22:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,424 sqft
- Baths : 2 full
Listing Agent
Best Homes Real Estate, Llc
Listing Agent's Description
No HOA. Completely remodeled. 4 spacious bedrooms, 2 baths. Large Az room, plus a bonus flex room. Stunning Gourmet kitchen w/new gas stove, island, quartz countertops, gooseneck faucet, wine cooler, & is joined w/ breakfast room. Elegant Formal dining & Living area w/French doors, lead to the Az room. Spacious Home-owner's suite has a walk-in closet, french doors separate exit. Amazing remodel has New flooring, New countertops, New remote ceiling fans, New baseboards, New sinks, New faucets, New hardware, New Garage Door & remote, New french doors, and much more! Huge lot at 17,700 SQ FT for you to make your own paradise. His and her sheds in the back. RV gate. 4 vehicle parking slab. Near freeways, restaurants.
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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 | $1,780 |
| EXPENSES | Loan Payment | -$1,631 |
| Property Tax | -$237 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$261
|
||
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.
$442,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.40%
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
$122,880
LOAN DETAILS
$1,631
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,500 |
| Loan Amount | $331,500 |
2.92
YEARS SAVED
$12,069
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
16211 N 51st Drive Glendale, AZ 4
- 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,780
- $0.73
-
17214 N 49th Avenue Glendale, AZ 1
- 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,500
- $0.67
-
4951 W Joyce Circle Glendale, AZ 2
- 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,695
- $0.69
-
16602 N 46th Lane Glendale, AZ 3
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1983
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,695
- $0.80
-
5385 W Michelle Drive Glendale, AZ 5
- 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996
LEASED 08/30/20- Rent
- Rent Per SQFT
- $1,950
- $0.74
PROPERTY LISTING DETAILS
Best Homes Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162536
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.
