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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $192.68
- 3 Days on Market
- MLS # : 6190266
- Updated Date : 02/06/2021 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 2,050 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
This amazing property literally has a park in the front yard!!! Check out the awesome park with playground, ramada's, full basketball/volleyball court and beautiful walking-riding paths right across the street! Then let's talk about this beautifully updated home with vaulted ceilings, brick fireplace, separate family/livings room areas and plantation shutters. The kitchen boasts cherry cabinets with granite countertops and stainless appliances. The super private backyard has mature trees, a full covered patio, built in BBQ area and Covered Ramada. PLUS: New A/C Unit in july 2020, RV parking for your toys and NO HOA! This house is super close to shopping, dining, freeways and schools. You do not want to miss this one!
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PRICE & RENT TRENDS
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$281 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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
$1,740
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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 |
4.42
YEARS SAVED
$17,236
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,907
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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18029 N 64th Drive Glendale, AZ 1
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LEASED 03/16/20- Rent
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- $1,675
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6418 W Libby Street Glendale, AZ 3
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996
LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
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18913 N 69th Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.92
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6586 W Oraibi Drive Glendale, AZ 5
- 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,000
- $0.96
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190266
Last Updated: 02/06/2021
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.
