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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $171.23
- 3 Days on Market
- MLS # : 6195313
- Updated Date : 02/19/2021 at 08:15
CONSTRUCTION
- Beds : 5
- Floor Size : 3,066 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
This TW Lewis home overlooking the Legend Golf Course with 5 beds, 3 baths and over 3000 SF in Arrowhead Ranch is a rare find. Spacious living areas and large eati-in-kitchen overlooks the Family Room and beautiful rear yard. All bedrooms are generous in size, master bedroom with walk out balcony offering views of the gorgeous Arizona sunsets. Master bath with dual sinks and separate tub/shower and the walk in closet is fantastic! Wonderful opportunity for a view lot in Arrowhead Ranch. Close to all freeway access, shopping, dining and elementary school is a short walk away.
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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 | $2,300 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$374 | |
| Property Insurance | -$87 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$100
|
||
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.
$525,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.44%
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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
4.25
YEARS SAVED
$21,133
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,491
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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- $2,300
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- 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
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6174 W Quail Avenue Glendale, AZ 4
- 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
5859 W Del Lago Circle Glendale, AZ 5
- 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.79
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195313
Last Updated: 02/19/2021
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.
