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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $243.12
- 2 Days on Market
- MLS # : 6263410
- Updated Date : 07/13/2021 at 17:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,180 sqft
- Baths : 2 full
Listing Agent
Az Real Estate Options, Llc
Listing Agent's Description
Beautiful Golf Course, Single Story Home located in the highly coveted community of Arrowhead Ranch. This 3bed + den, 2bath and 3 car garage home features new wood floors, ceiling fans and sun shades as of 2020 in addition to vaulted ceilings, plantation shutters, and family room fireplace. Kitchen includes stainless appliances, granite countertops and a brand new refrigerator in 2021 as well as a gas range. The private pool oasis is pristine and beautiful with a gorgeous view of the golf course. This one won't last!
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PRICE & RENT TRENDS
Neighborhood: Monarch Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monarch Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$377 | |
| Property Insurance | -$70 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$324
|
||
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.
$530,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| 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
$146,200
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
2.25
YEARS SAVED
$8,014
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,207
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
21114 N 64th Avenue Glendale, AZ 1
- 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $0.95
-
6652 W Rose Garden Lane Glendale, AZ 2
- 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
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LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
5956 W Irma Lane Glendale, AZ 3
- 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994
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LEASED 01/16/21- Rent
- Rent Per SQFT
- $2,200
- $1.00
-
6648 W Rose Garden Lane Glendale, AZ 4
- 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
![property image]()
LEASED 05/26/21- Rent
- Rent Per SQFT
- $2,275
- $1.08
-
6981 W Melinda Lane Glendale, AZ 5
- 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998
![property image]()
LEASED 11/29/20- Rent
- Rent Per SQFT
- $2,400
- $0.98
PROPERTY LISTING DETAILS
Az Real Estate Options, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263410
Last Updated: 07/13/2021
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.
