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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $186.97
- 3 Days on Market
- MLS # : 6165256
- Updated Date : 11/27/2020 at 11:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,504 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Come and see this welcoming 3 bedroom, 2.5 bathroom Glendale home with no HOA! This lovely home sits on a corner lot and boasts fresh exterior paint. Inside, you'll love the vaulted ceilings which amplify and brighten the space. You'll enjoy cooking in the kitchen with stainless steel appliances and traditional wood cabinets. Head on up to the second floor to explore the primary bedroom which has the essential en suite bathroom. In the backyard, the covered patio will become your go-to spot to hang out and get some fresh air! This home is in a great school district and has convenient access to the 101 and I-17 for easy commuting!
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PRICE & RENT TRENDS
Neighborhood: Overland Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Overland Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,038 |
| Property Tax | -$168 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$89
|
||
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.
$281,200
PROJECTED PRICE
$1,450
PROJECTED RENT
0.52%
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
$80,268
LOAN DETAILS
$1,038
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,300 |
| Loan Amount | $210,900 |
7.5
YEARS SAVED
$30,625
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,594
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
19422 N 43rd Drive Glendale, AZ 1
- 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
4332 W Topeka Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1985
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.07
-
4472 W Tonto Road Glendale, AZ 3
- 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1985
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
4607 W Morrow Drive Glendale, AZ 4
- 4 beds 3 baths ∙ 1,572 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,572 Sqft ∙ Built 1983
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,649
- $1.05
-
4514 W Wahalla Lane Glendale, AZ 5
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.06
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165256
Last Updated: 11/27/2020
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.
