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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $218.14
- 3 Days on Market
- MLS # : 6175682
- Updated Date : 01/01/2021 at 16:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Nice curb appeal with an extended driveway for this move-in ready 3 bed, 2 bath home. Fresh interior paint. Diagonally tiled floors in the step down formal living room. Spacious family room. Eat-in kitchen has gray shaker cabinets, SS appliances, granite counters, and a pantry. The laundry is off the kitchen. Nicely updated bathrooms. The master has a 3/4 bath and walk-in closet. The backyard has a sparkling gated pool, perfect for cooling off on a hot summer's day! Close to schools, shopping and the US 60. This is a perfect starter or investment home!
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PRICE & RENT TRENDS
Neighborhood: Bethany Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bethany Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,210 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$204 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$311
|
||
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.
$315,000
PROJECTED PRICE
$1,210
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.6% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
1.33
YEARS SAVED
$2,281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,210
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,220
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5708 N 46th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $1,210
- $0.84
-
6604 N 43rd Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,175
- $0.83
-
5706 N 43rd Drive Glendale, AZ 2
- 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,200
- $0.83
-
4251 W Keim Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,285
- $0.84
-
5732 N 41st Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1966
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,395
- $0.88
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175682
Last Updated: 01/01/2021
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.
