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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $146.90
- 2 Days on Market
- MLS # : 6180182
- Updated Date : 01/17/2021 at 02:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,723 sqft
- Baths : 3 full
Listing Agent
Delex Realty
Listing Agent's Description
Open House Jan 16 &17th 11a-2p. Beautiful tri-level home welcomes you the moment you walk in the door. If you have been looking for that house that has everything and has all the important updates, look no further. Spacious split floor plan boasts 4 bed 3 bath w/private pool will not disappoint you. 2020: NEW ROOF, AC, EXTERIOR PAINT & GARAGE DOORS. 2013: TRIPLE PANE WINDOWS & SOLAR. Half a block walk from Desert Sage Elementary School.
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PRICE & RENT TRENDS
Neighborhood: North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$238 | |
| Property Insurance | -$80 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$280
|
||
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.
$400,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.52%
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
9.08
YEARS SAVED
$49,925
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,274
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
4056 W Charlotte Drive Glendale, AZ 3
- 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.77
-
4102 W Mariposa Grande -- Glendale, AZ 1
- 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1989
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.80
-
23813 N 41st Avenue Glendale, AZ 2
- 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1988
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.84
-
4010 W Creedance Boulevard Glendale, AZ 4
- 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989
![property image]()
LEASED 01/16/21- Rent
- Rent Per SQFT
- $2,250
- $0.82
-
24409 N 40th Avenue Glendale, AZ 5
- 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990
![property image]()
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.88
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180182
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
