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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $170.79
- 3 Days on Market
- MLS # : 6165423
- Updated Date : 11/27/2020 at 17:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,400 sqft
- Baths : 2 full
Listing Agent
Homesmart Success
Listing Agent's Description
Beautiful 1-story home with a 3-car garage in a quiet gated community. Featuring new interior paint, with tile and laminate floors throughout except for 2 bedrooms, which have brand new carpet. Spacious kitchen with lots of cabinet space, center island, and granite counters. All the appliances convey, including the fridge, washer/dryer, and water softener. Fantastic floorplan with high vaulted ceilings. The master bedroom is split from the other bedrooms, and the en-suite bath boasts double sinks, separate shower and jetted tub, and a walk-in closet. The backyard has a covered patio, a grassy area for kids or pets, and a built-in above-ground spa to relax in on those cooler nights. And the lot is very private, on a corner with no neighbors behind. Come see this amazing property today!
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$244 | |
| Property Insurance | -$74 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$180
|
||
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.
$409,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
7.92
YEARS SAVED
$49,273
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,304
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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24010 N 66th Lane Glendale, AZ 4
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001
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- Rent
- Rent Per SQFT
- $2,180
- $0.91
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5934 W Questa Drive Glendale, AZ 1
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LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,999
- $0.90
-
5839 W Electra Lane Glendale, AZ 2
- 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1994
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,099
- $0.94
-
23614 N 58th Drive Glendale, AZ 3
- 3 beds 2 baths ∙ 2,244 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,244 Sqft ∙ Built 1994
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.96
-
6521 W Chester Road Glendale, AZ 5
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
PROPERTY LISTING DETAILS
Homesmart Success
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165423
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.
