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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $212.27
- 3 Days on Market
- MLS # : 6172387
- Updated Date : 12/18/2020 at 17:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,591 sqft
- Baths : 2 full , 1 half
Listing Agent
Redfin Corporation
Listing Agent's Description
Stunning North Glendale home! This 4 bed 2.5 bath home has a split master floorplan, beautifully updated kitchen with updated cabinetry, slab granite countertops, tiled backsplash, and SS appliances. Home also features spacious living area off the kitchen and formal dining and living area. The resort-style backyard features a heated sparkling pool with a waterfall and two fire features, lovely lush landscape, artificial turf, and large covered patio. Conveniently located near Happy Valley, 1-17 and the 101 along with restaurants and shopping!
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PRICE & RENT TRENDS
Neighborhood: Stetson Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stetson Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$328 | |
| Property Insurance | -$78 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$156
|
||
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.
$550,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.2% |
| 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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
4.33
YEARS SAVED
$26,994
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
-
$2,157
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4616 W Whispering Wind Drive Glendale, AZ 1
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- Rent
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- $0
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LEASED 12/04/20- Rent
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- $1,895
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5141 W Swayback Pass Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,613 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,613 Sqft ∙ Built 2006
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,050
- $0.78
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23620 N 42nd Drive Glendale, AZ 4
- 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988
LEASED 10/10/20- Rent
- Rent Per SQFT
- $2,200
- $0.91
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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
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.88
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172387
Last Updated: 12/18/2020
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.
