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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $151.27
- 6 Days on Market
- MLS # : 6160240
- Updated Date : 12/02/2020 at 11:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,818 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
NO HOA!!! This property has had several renovations and additions including granite counter tops, new flooring, and extra bedroom added on to make this the perfect starter home for any family! Spacious backyard with endless possibilities and additional storage shed. Master bedroom boast large walk-in closet as does one of the additional bedrooms. Schedule your appointment today!
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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 | $1,320 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$158 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$14
|
||
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.
$275,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.48%
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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.42
YEARS SAVED
$18,746
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,527
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
4926 W Citrus Way Glendale, AZ 3
- 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $1,320
- $0.73
-
4251 W Keim Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,210
- $0.80
-
6535 N 44th Avenue Glendale, AZ 2
- 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.79
-
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
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
7301 N 48th Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160240
Last Updated: 12/02/2020
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.
