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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $102.35
- 4 Days on Market
- MLS # : 6180961
- Updated Date : 01/15/2021 at 18:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,664 sqft
- Baths : 3 full
Listing Agent
Century 21 Northwest
Listing Agent's Description
Magnificent 5 bedroom, 3 bath home with HEATED PebbleTec diving pool and spa in desirable Glennwilde. Warm & welcoming palette, soaring ceilings, beautiful tile floors, window blinds, ceiling fans, & formal living/dining room. Center kitchen island, granite counters, pantry, & gorgeous white top cabinets w/blue lower cabinets. Kitchen opens to the inviting family room - perfect for entertaining!. French doors lead to the spacious covered patio from the breakfast area. Guest bedroom & bath on first level. Amazing loft area w/endless possibilities. Plush carpet in all the right places, generously sized bedrooms, Jack & Jill bath, ample closets, & laundry room w/sink & storage cabinets. Primary bedroom boasts a walk-in closet & private en suite w/dual sinks.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$350 | |
| Property Insurance | -$99 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$375,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.67
YEARS SAVED
$12,964
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.5
LIST RENT PER SQFT
-
$1,942
COMP ESTIMATED VALUE -
$0.53
COMP AVG. RENT PER SQFT
Comps Range
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42564 W Corvalis Lane Maricopa, AZ 2
- 5 beds 3 baths ∙ 3,664 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,664 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,850
- $0.50
-
43615 W Bailey Drive Maricopa, AZ 1
- 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.51
-
43251 W Maricopa Avenue Maricopa, AZ 3
- 5 beds 3 baths ∙ 3,735 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,735 Sqft ∙ Built 2006
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,875
- $0.50
-
21894 N Balboa Drive Maricopa, AZ 4
- 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,999
- $0.51
-
42010 W Carlisle Lane Maricopa, AZ 5
- 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,100
- $0.60
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180961
Last Updated: 01/15/2021
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.
