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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $149.30
- 4 Days on Market
- MLS # : 6156696
- Updated Date : 11/07/2020 at 12:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,708 sqft
- Baths : 2 full
Listing Agent
Amazing Az Homes
Listing Agent's Description
Amazing 4 bedroom home in the heart of downtown Glendale. This single story home was built in 2007 & features 4 bedrooms, 2 bathrooms, & 2 car garage on a 6,983 sq ft lot. TILE FLOORS THROUGHOUT the entire home. There is a spacious great room, kitchen w/pantry & eat-in dining. 4th bedroom w/double door entry and closet. Park your trucks, RVs, or outdoor toys behind the RV gate...there's no HOA. Enjoy a small-town neighborhood, and yet only be minutes away from all Glendale has to offer, including sports arenas, shopping, entertainment, and dining!
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PRICE & RENT TRENDS
Neighborhood: East Catlin Court Historic District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Catlin Court Historic District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$147 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$203
|
||
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.
$255,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.8% |
| 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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
9.67
YEARS SAVED
$41,010
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
-
$1,554
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
5512 W Northview Avenue Glendale, AZ 1
- 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $0
- $0.00
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6144 W Echo Lane Glendale, AZ 2
- 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,375
- $0.90
-
5714 W Orchid Lane Glendale, AZ 3
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
5458 W Augusta Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999
LEASED 09/07/19- Rent
- Rent Per SQFT
- $1,395
- $0.93
-
7617 N 51st Drive Glendale, AZ 5
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001
LEASED 09/06/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
PROPERTY LISTING DETAILS
Amazing Az Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156696
Last Updated: 11/07/2020
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.
