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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $209.11
- 2 Days on Market
- MLS # : 6203594
- Updated Date : 03/06/2021 at 19:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,195 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful move-in ready home in a prime Arrowhead location inside Coventry Estates. This single level home is situated on a large corner lot just under 10,000' sq feet. Three car garage, a side service door, water softener loop, front security screened door and ceilings fans in every room including the patio. Gorgeous white plantation shutters throughout. Huge open great room and a split floor plan features 3 generously sized bedrooms and 2 full baths. Spacious master bedroom has dual separate vanities, separate garden tub and shower, and a huge walk in closet. Private door off the master leads to an extended covered patio. Oversized laundry room with sink and extra storage. New exterior paint in 2018. Close to dining, shopping, Spring Training, Cardinals Stadium, and The Glendale Arena
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PRICE & RENT TRENDS
Neighborhood: Coventry Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coventry Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,594 |
| Property Tax | -$327 | |
| Property Insurance | -$70 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$163
|
||
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.
$459,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.1% |
| 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
$127,385
LOAN DETAILS
$1,594
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
3.5
YEARS SAVED
$13,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,063
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
17479 N 70th Lane Glendale, AZ 1
- 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,930
- $0.88
-
7014 W Mcrae Way Glendale, AZ 2
- 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.88
-
18702 N 67th Drive Glendale, AZ 3
- 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,045
- $0.87
-
7036 W Morrow Drive Glendale, AZ 4
- 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,150
- $0.95
-
18651 N 70th Avenue Glendale, AZ 5
- 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.06
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203594
Last Updated: 03/06/2021
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.
