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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $230.57
- 1 Days on Market
- MLS # : 6200387
- Updated Date : 02/28/2021 at 01:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,518 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Fantastic opportunity to own this 3bed/2bath ranch style Glendale home. You will love the flowing open concept floorplan enhanced with vaulted ceilings, wood look and tile flooring, and large windows for an abundance of natural light. Stylish updated kitchen boasts sleek black appliances, a plethora of handsome cabinetry, granite countertops and a center island. Perfect for gathering with friends and family. Lovely master retreat includes en suite and walk in closet. Get out back and enjoy the amazing Arizona weather under the covered patio, playing in the grass or cooling off in the sparkling fenced pool. Do not miss out. Schedule your private showing today.
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PRICE & RENT TRENDS
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$203 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$164
|
||
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.
$350,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.25
YEARS SAVED
$9,163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,484
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
4819 W Christy Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4434 W Mountain View Road Glendale, AZ 2
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,445
- $0.97
-
10843 N 45th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,535
- $0.98
-
4616 W Saguaro Drive Glendale, AZ 4
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
4807 W Beryl Avenue N Glendale, AZ 5
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200387
Last Updated: 02/28/2021
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.
