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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $245.40
- 2 Days on Market
- MLS # : 6168045
- Updated Date : 12/05/2020 at 23:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,467 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
With a ton of designer touches made by the current owners, your new home is the most unique in the neighborhood. This 3 bed, 2 bath home features a huge living room with a matching fireplace & entertainment center. The gorgeous brick. stone and hardwood accents are carried into the formal dining room & kitchen in the form of all the hottest features such as a butler's pantry, farm house style cabinets and pulls, butcher block counter tops and even a wine fridge! Your backyard extends the living space outside with a large patio, sunshade and adorable lighting and decor; plus the coolest saltwater play pool you'll ever see. The modest size of the home, the plantation shutters and newer AC unit are sure to keep your bills down and the easy access to the 101 Loop will get you anywhere fast.
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PRICE & RENT TRENDS
Neighborhood: Arrowhead Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arrowhead Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$256 | |
| Property Insurance | -$56 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$294
|
||
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.
$360,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
1.58
YEARS SAVED
$4,054
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,482
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
5251 W Pontiac Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,470
- $1.00
-
20014 N 47th Lane Glendale, AZ 1
- 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.97
-
4764 W Wahalla Lane Glendale, AZ 3
- 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.98
-
19831 N 48th Lane Glendale, AZ 4
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1987
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,585
- $1.02
-
5126 W Piute Avenue Glendale, AZ 5
- 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 1993
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,675
- $1.07
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168045
Last Updated: 12/05/2020
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.
