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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $198.84
- 4 Days on Market
- MLS # : 6167077
- Updated Date : 12/03/2020 at 10:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,986 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this single story beauty on a corner lot in Union Hills! This home has refreshed with two-tone interior paint. Ceramic tile and laminate flooring, no carpet! Vaulted ceilings in the main areas for a light open feel. An office and formal living room flank the entry with a great room/kitchen at the back of the home. The kitchen features granite countertops and tile backsplash, an island for extra prep and storage, and stainless steel appliances. The primary bedroom has vaulted ceilings and a private exit to the backyard. The primary ensuite bathroom has dual glass bowl sinks, separate shower and garden tub, and a huge walk in closet. The backyard has a covered patio, extended concrete area and artificial grass. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Miramonte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Miramonte
* 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 | -$1,457 |
| Property Tax | -$281 | |
| Property Insurance | -$66 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$248
|
||
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.
$394,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$110,399
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,725 |
| Loan Amount | $296,175 |
2.33
YEARS SAVED
$7,598
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,857
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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5429 W Villa Rita Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,710
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17844 N 55th Avenue Glendale, AZ 1
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LEASED 04/30/20- Rent
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5802 W Campo Bello Drive Glendale, AZ 3
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
17465 N 54th Avenue Glendale, AZ 4
- 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
5422 W Bluefield Avenue Glendale, AZ 5
- 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167077
Last Updated: 12/03/2020
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.
