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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $190.22
- 2 Days on Market
- MLS # : 6196317
- Updated Date : 02/20/2021 at 20:48
CONSTRUCTION
- Beds : 5
- Floor Size : 3,128 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Gorgeous 5 bed/3 bath home with a beautiful pool & huge backyard. This home has been fully upgraded, including all-new wood flooring in living room & office, remodeled bathroom tiles/shower/floor/mirrors/lighting, updated kitchen backsplash, & new carpet in bedrooms. Brand new roof with full warranty! Plus it features a 3-car garage with built-in cabinets, RV gate, vaulted ceilings, formal dining and living areas with dual fireplace, plantation shutters, & newly re-painted walls. Luxurious kitchen includes ample cabinetry, pantry, granite countertops, stainless steel appliances, and a charming island. The master bedroom includes a fully updated bath with double sinks, separate tub and shower, and spacious walk-in closet. The backyard feels like an oasis with mature trees and covered patio.
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PRICE & RENT TRENDS
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$2,067 |
| Property Tax | -$444 | |
| Property Insurance | -$88 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$196
|
||
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.
$595,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.2% |
| 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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
3.5
YEARS SAVED
$18,166
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,549
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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21523 N 72nd Avenue Glendale, AZ 3
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LEASED 07/31/20- Rent
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- $2,800
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LEASED 11/23/19- Rent
- Rent Per SQFT
- $2,950
- $0.87
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196317
Last Updated: 02/20/2021
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.
