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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $180.10
- 3 Days on Market
- MLS # : 6181371
- Updated Date : 01/15/2021 at 22:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,538 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Beautiful 4 bedroom, 2 bath home in New World! Granite counter tops, New refrigeration unit in 2020,Kitchen opens up to dining/great room, nice side backyard waiting for your special design!Clubhouse and pool across from the home, City park with large play area too!Don't miss out!
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PRICE & RENT TRENDS
Neighborhood: New World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$962 |
| Property Tax | -$159 | |
| Property Insurance | -$57 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$49
|
||
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.
$277,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| 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
$79,155
LOAN DETAILS
$962
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,250 |
| Loan Amount | $207,750 |
6.5
YEARS SAVED
$21,349
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,403
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4824 W Golden Lane Glendale, AZ 2
- 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,330
- $0.86
-
8865 N 47th Lane Glendale, AZ 1
- 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983
![property image]()
LEASED 07/27/19- Rent
- Rent Per SQFT
- $1,200
- $0.90
-
9204 N 47th Lane Glendale, AZ 3
- 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985
![property image]()
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,375
- $0.93
-
9615 N 49th Drive Glendale, AZ 4
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
8730 N 42nd Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181371
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.
