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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $186.03
- 2 Days on Market
- MLS # : 6170687
- Updated Date : 12/12/2020 at 19:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,747 sqft
- Baths : 2 full
Listing Agent
American Realty Brokers
Listing Agent's Description
If your looking for a Razor sharp remodel that is located in a fantastic location and has no HOA you found it. Uprgades just installed as of November of 2020, Granite counter tops in the kitchen and bathrooms. Luxury plank flooring, new carpet and pad, plumbing fixtures throughout, newer lighting throughout, ceiling fans, Custom paint throughout, back splash in kitchen and Master bedroom. New Vanity in bathrooms, all cabinets professinaly stained and painted. Pool is acid washed and newly filled water. AC unit is newer and the Roof is 2 years old. Excellent location in a nice neighborhood.
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PRICE & RENT TRENDS
Neighborhood: Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$188 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$52
|
||
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.
$324,990
PROJECTED PRICE
$1,600
PROJECTED RENT
0.49%
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
$91,872
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,248 |
| Loan Amount | $243,743 |
6.5
YEARS SAVED
$29,130
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,599
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4844 W Brown Street Glendale, AZ 3
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
9615 N 49th Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
10010 N 50th Avenue Glendale, AZ 2
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,575
- $0.87
-
4807 W Beryl Avenue N Glendale, AZ 4
- 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
-
4814 W Brown Street Glendale, AZ 5
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1973
LEASED 12/06/20- Rent
- Rent Per SQFT
- $1,799
- $0.95
PROPERTY LISTING DETAILS
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170687
Last Updated: 12/12/2020
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.
