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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $142.37
- 2 Days on Market
- MLS # : 6160675
- Updated Date : 11/14/2020 at 15:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,563 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Spectacular 2563 square foot 2 story home with 4 bedrooms and 2.5 baths. Updated through out. Large lot boasts a heated spa and pool. The kitchen was completely remodeled with granite counter tops and stainless steel appliances. The spacious master bedroom has it's own luxurious master bath. Carpets and tile in all the right places. A/C new in 2013 and roof in 2011. Freshly painted inside and out! HURRY!! This one won't last. CALL for your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Bellair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bellair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,346 |
| Property Tax | -$217 | |
| Property Insurance | -$77 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$5
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$364,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$102,449
LOAN DETAILS
$1,346
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,225 |
| Loan Amount | $273,675 |
5.33
YEARS SAVED
$23,710
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,833
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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17211 N Lindner Drive Glendale, AZ 3
- 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,820
- $0.71
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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
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-
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
-
5385 W Michelle Drive Glendale, AZ 4
- 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
-
4548 W Villa Theresa Drive Glendale, AZ 5
- 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,999
- $0.76
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160675
Last Updated: 11/14/2020
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.
