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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $177.25
- 3 Days on Market
- MLS # : 6174551
- Updated Date : 12/25/2020 at 17:41
CONSTRUCTION
- Beds : 4
- Floor Size : 1,890 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
THIS HOME IS A RARE GEM! Centrally located near the I-17, AZ State Route 101, and US Route 60, and minutes away from Heritage Elementary, GCC and ASU West. This 4 bedroom, 2 bath home comes with updated bathrooms and HUGE master suite. The 3 additional bedrooms are spacious and consists of one Jack and Jill bathroom. The home hosts an open kitchen with lots of cabinet space and a walk-in pantry. Enjoy the spacious indoor utility room that offers plenty of space for additional storage. This home also features 4 security cameras, DVR and monitor. The 2 car garage has been updated with a smart garage door opener which can be accessed remotely from any location. RV gate with awning and additional parking on the west side of the home. The low maintenance front and back yards include a
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PRICE & RENT TRENDS
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$179 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$132
|
||
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.
$335,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.51%
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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
7.67
YEARS SAVED
$38,747
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
-
$1,696
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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5223 W Beryl Avenue Glendale, AZ 1
- 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1977
- Rent
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- $0
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5015 W Mercer Lane Glendale, AZ 2
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,575
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5044 W Mercer Lane Glendale, AZ 3
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,575
- $0.89
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10010 N 50th Avenue Glendale, AZ 4
- 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
-
5531 W Brown Street Glendale, AZ 5
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174551
Last Updated: 12/25/2020
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.
