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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $198.36
- 3 Days on Market
- MLS # : 6184274
- Updated Date : 01/22/2021 at 07:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,764 sqft
- Baths : 2 full
Listing Agent
Rapido Realty, Llc
Listing Agent's Description
Charming Remodeled Home on large oversized lot!! No HOA !! Open floor plan 3 Bed / 2 Bath / 2 car garage / RV Gate / Bonus Game Room next to Kitchen. Family Room with soaring vaulted ceilings, elegant wooden beams & charming brick fireplace with tile surround. White Cabinets in Kitchen with exquisite door hardware, Granite Counters, Undermount sink, new pull-out faucet, New garbage disposal, Stainless Steel appliances including double door refrigerator with water/ice dispenser. Recessed lighting at entrance and hallway. Gorgeous 18'' Tile throughout!! Beautiful Baseboards!! No carpet !! Both bathrooms have walk in showers with new tile design. New ceiling fans. Fresh new paint inside & out! Garage has Epoxy Flooring! Backyard has nice palm trees and gazebo perfect for entertaining!
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PRICE & RENT TRENDS
Neighborhood: Woodridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$209 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$64
|
||
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.
$349,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
4.58
YEARS SAVED
$16,211
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
-
$1,689
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
17049 N 39th Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3826 W Villa Rita Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1979
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,625
- $0.94
-
3722 W Grandview Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1979
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
-
4137 W Woodridge Drive Glendale, AZ 4
- 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1980
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,745
- $0.98
-
17021 N 38th Avenue Glendale, AZ 5
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1979
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
PROPERTY LISTING DETAILS
Rapido Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184274
Last Updated: 01/22/2021
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.
