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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $170.66
- 2 Days on Market
- MLS # : 6187646
- Updated Date : 01/31/2021 at 03:44
CONSTRUCTION
- Beds : 5
- Floor Size : 2,226 sqft
- Baths : 3 full
Listing Agent
Maplewood Homes
Listing Agent's Description
WOW! Located on a 1/4 Acre Cul-de-sac lot with Guest House. This home has been professionally remodeled by a licensed contractor. The main house features a NEW ROOF, fresh paint, new flooring, and updated fixtures throughout. Dual pane windows. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. All 4 bedrooms of the main house boast new carpet, fresh paint, and new light fixtures. The guest house features fresh paint, new tile throughout, kitchenette, private bedroom, and full bathroom. The huge backyard is a true resort with a patio, pool, and fire pit. RV Gate! No HOA!
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PRICE & RENT TRENDS
Neighborhood: Continental North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Continental North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$232 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$379,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| 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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
6
YEARS SAVED
$25,740
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,842
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4414 W Cholla Street Glendale, AZ 5
- 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
11020 N 45th Drive Glendale, AZ 1
- 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
10634 N 45th Drive Glendale, AZ 2
- 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1973
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,645
- $0.79
-
4409 W Poinsettia Drive Glendale, AZ 3
- 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,695
- $0.80
-
11615 N 41st Lane Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,695
- $0.88
PROPERTY LISTING DETAILS
Maplewood Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187646
Last Updated: 01/31/2021
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.
