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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $186.81
- 5 Days on Market
- MLS # : 6161929
- Updated Date : 11/18/2020 at 12:57
CONSTRUCTION
- Beds : 5
- Floor Size : 2,676 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Professional Partners
Listing Agent's Description
Spectacular two story property in Glendale is everything you've been looking for! With mature landscaping, 3 car garage, and RV gate this 5 bedrooms home has space for everyone! Set foot inside to discover soaring ceilings, tile flooring in traffic areas, tons of natural light, a large great room, designer paint, and family room w/fireplace. Amazing eat-in kitchen is a chef's dream with stainless steel appliances, large cabinetry, island w/breakfast bar, and bright breakfast nook. Spacious master suite has a lavish bath with double sinks, separate tub & shower, and walk-in closet; you'll also find a cozy balcony overlooking the pool and the lake. Backyard offers faux flagstone covered patio, paved Ramada, and fenced pool w/seating area. Solar too!
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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 | $2,350 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$356 | |
| Property Insurance | -$79 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$499,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.47%
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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
5
YEARS SAVED
$29,843
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,295
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
21546 N 59th Lane Glendale, AZ 3
- 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,350
- $0.88
-
6083 W Abraham Lane Glendale, AZ 1
- 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
LEASED 12/19/19- Rent
- Rent Per SQFT
- $2,195
- $0.82
-
21622 N 59th Lane Glendale, AZ 2
- 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
-
6283 W Lone Cactus Drive Glendale, AZ 4
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1988
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.85
-
6105 W Irma Lane Glendale, AZ 5
- 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,500
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Realty Professional Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161929
Last Updated: 11/18/2020
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.
