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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $163.05
- 2 Days on Market
- MLS # : 6163483
- Updated Date : 11/21/2020 at 08:45
CONSTRUCTION
- Beds : 5
- Floor Size : 3,066 sqft
- Baths : 3 full
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
Incredible opportunity to own one of the largest lots in Arrowhead Ranch. The backyard is an oasis featuring a private pool & spa, covered patio and HUGE yard. The beautiful interior of the home features 5 bedrooms and 3 full baths ( 1 bedroom is downstairs). The kitchen features an abundance of cabinets, granite counter tops, stainless steal appliances, center island and a walk in pantry. Upstairs you will find a large master suite with walk in closet, separate tub/shower and double sink vanity. The additional bedrooms are good size and share an updated hall bath. New carpet and a new front door add to the appeal of this beautiful home.
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PRICE & RENT TRENDS
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$356 | |
| Property Insurance | -$87 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$37
|
||
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.
$499,900
PROJECTED PRICE
$2,440
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
5.67
YEARS SAVED
$37,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,491
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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5917 W Louise Drive Glendale, AZ 1
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LEASED 05/22/20- Rent
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- $2,300
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6283 W Lone Cactus Drive Glendale, AZ 3
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1988
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.85
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6174 W Quail Avenue Glendale, AZ 4
- 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,500
- $0.84
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5859 W Del Lago Circle Glendale, AZ 5
- 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.79
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163483
Last Updated: 11/21/2020
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.
