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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $200.42
- 6 Days on Market
- MLS # : 6155932
- Updated Date : 11/20/2020 at 10:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,197 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Beautiful 3 Bedroom, 2 Bath, Single Level Home, Open Kitchen w/Newer Appliances, Eat-In Kitchen Dining Room, Spacious Family Room, Newer Tile Flooring, Master Bedroom w/Ensuite Master Bathroom, 2 Bedrooms & Hallway Bathroom, 1 Car Carport, Large RV Gate & RV Parking, Gated Alley Access, Large Shed in Backyard, Come Check It Out!
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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 | $1,030 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$138 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$143
|
||
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.
$239,900
PROJECTED PRICE
$1,030
PROJECTED RENT
0.43%
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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
2.92
YEARS SAVED
$6,462
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
-
$1,044
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
5001 W Mclellan Road Glendale, AZ 1
- 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5917 N 48th Avenue Glendale, AZ 2
- 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $925
- $0.85
-
5036 W Ocotillo Road Glendale, AZ 3
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,050
- $0.86
-
4722 W Rose Lane Glendale, AZ 4
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,150
- $0.87
-
4913 W Maryland Avenue Glendale, AZ 5
- 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155932
Last Updated: 11/20/2020
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.
