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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $213.46
- 2 Days on Market
- MLS # : 6160485
- Updated Date : 11/14/2020 at 12:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,813 sqft
- Baths : 2 full
Listing Agent
Hunt Real Estate Era
Listing Agent's Description
Incredible opportunity to own this 3bed/2bath Home in the coveted Arrowhead Ranch subdivision. Front curb appeal with mature shade trees and a charming paver patio. Step into the light and bright beautifully updated interior, featuring soaring vaulted ceilings, wood look flooring and an open concept floor plan. Ceiling fans and upgraded low E Windows throughout. Kitchen boasts stainless steel appliances, granite countertops, white cabinetry and a breakfast/coffee bar with pendant lighting. Gorgeous master bedroom with large Bay window and walk in closet. Master Bath has dual sinks, granite top and huge tiled shower. Relax and entertain friends in the quiet and serene, meticulously landscaped backyard, complete with above ground spa and jaw dropping golf course views.
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PRICE & RENT TRENDS
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,428 |
| Property Tax | -$275 | |
| Property Insurance | -$63 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$140
|
||
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.
$387,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$108,305
LOAN DETAILS
$1,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,750 |
| Loan Amount | $290,250 |
3.58
YEARS SAVED
$14,689
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,858
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
18919 N 69th Avenue Glendale, AZ 3
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- Rent
- Rent Per SQFT
- $1,730
- $0.95
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7203 W Kimberly Way Glendale, AZ 1
- 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
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6627 W Kristal Way Glendale, AZ 2
- 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
18801 N 67th Drive Glendale, AZ 4
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
-
7107 W Utopia Road Glendale, AZ 5
- 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1988
LEASED 12/26/19- Rent
- Rent Per SQFT
- $2,100
- $1.07
PROPERTY LISTING DETAILS
Hunt Real Estate Era
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160485
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.
