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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $197.74
- 4 Days on Market
- MLS # : 6159495
- Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Must see this charming 3 bedroom home close to ASU West Campus! Great home for students or hospital workers to be able to walk to class or work! The home features vaulted ceilings, fresh interior paint, and updated plank flooring throughout. The kitchen is spacious and open to the front living room that has a cozy wood burning fireplace. There is a larger family room at the back of the house with another wood burning fireplace and decorative wood beam accent and leads out to the back covered patio. The backyard is HUGE with tons of potential to create your own private oasis. Come and see for yourself the potential this home has to offer!
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PRICE & RENT TRENDS
Neighborhood: Thunderbird Palms-Hickory Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Thunderbird Palms-Hickory Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$150 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$47
|
||
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.
$280,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.8% |
| 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
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
5.08
YEARS SAVED
$16,951
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,381
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
5222 W Aster Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $0.91
-
4746 W Aster Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,300
- $1.01
-
14070 N 48th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,350
- $0.99
-
4821 W Bloomfield Road Glendale, AZ 4
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
4924 W Larkspur Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,425
- $0.98
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159495
Last Updated: 11/13/2020
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.
