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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $166.67
- 3 Days on Market
- MLS # : 6163911
- Updated Date : 11/27/2020 at 17:23
CONSTRUCTION
- Beds : 5
- Floor Size : 1,800 sqft
- Baths : 2 full
Listing Agent
Best Homes Real Estate, Llc
Listing Agent's Description
NO HOA. 5 BED/2 BATH HOME. Living room plus family room. Large Open kitchen to dining and family room. Separate front entry way. Kitchen has a walk-in pantry, tiled backsplash. Spacious home-owner's room w/exterior exit. Covered back patio full length of house. Front Entrance Foyer. Walking distance to nice, huge park with sand volleyball, health trail, and playground.Backed by a 1 year Home warranty.5 BEDROOMS, 2 BATHROOMS. FORMAL LIVING ROOM, FAMILY ROOM, DINING AREA, PLUS AN OFFICE AREA (where the piano is).
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PRICE & RENT TRENDS
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sahuaro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$161 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$1
|
||
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.
$300,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
5.75
YEARS SAVED
$22,867
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,521
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5250 W Acapulco Lane Glendale, AZ 1
- 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1973 5 beds 2 baths ∙ 1,800 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5743 W Monte Cristo Avenue Glendale, AZ 2
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,595
- $0.81
-
5850 W Acoma Drive Glendale, AZ 3
- 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1974
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
16412 N 50th Lane Glendale, AZ 4
- 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 1977
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
15234 N 51st Drive Glendale, AZ 5
- 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,825
- $0.86
PROPERTY LISTING DETAILS
Best Homes Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163911
Last Updated: 11/27/2020
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.
