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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $151.75
- 2 Days on Market
- MLS # : 6196880
- Updated Date : 02/20/2021 at 00:19
CONSTRUCTION
- Beds : 4
- Floor Size : 1,977 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
WOW!! THIS ONE WILL GO FAST, WORTH THE LOOK, WELL MAINTAINED BLOCK HOME. SHOWS PRIDE OF OWNERSHIP AND LOTS OF CURB APPEAL, WITH FIRE-PIT IN FRONT COURTYARD. CLOSE TO EVERYTHING. BRING YOUR QUALIFIED BUYERS BECAUSE THIS ONE SELLS ITSELF! FRESH PAINT, LARGE POOL LADIES THE LAUNDRY ROOM IS HUGE, GALLEY KITCHEN, SITTING AREA IN SPLIT MASTER BEDROOM. ABSOLUTELY A HIDDEN GEM!
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PRICE & RENT TRENDS
Neighborhood: Bethany Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bethany Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$195 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$89
|
||
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.
$300,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
7.08
YEARS SAVED
$25,568
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,587
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
4556 W Montebello Avenue Glendale, AZ 1
- 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5620 N 34th Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954
![property image]()
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,349
- $0.73
-
4539 W Montebello Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973
![property image]()
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,400
- $0.77
-
4601 W Northview Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
5505 N 40th Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1968
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,549
- $0.85
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196880
Last Updated: 02/20/2021
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.
