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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $196.45
- 1 Days on Market
- MLS # : 6197194
- Updated Date : 02/21/2021 at 02:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,578 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
Cozy & adorable home we know you're going to love. Open floor plan with tons to offer. Some of the upgrades include tile flooring through all the main living & walking areas, separate living & family room, and an open floor plan. Your new kitchen has a large island with breakfast bar, contemporary light fixtures, quartz countertops, and upgraded cabinets with tons of storage space. Easy to maintain landscaping in the front & back yards. In the rear there is a covered patio and lots of room to relax, play, or even add a future swimming pool or spa. Ideal starter home if you're a first time buyer. It's also the perfect rental. Hurry though before it's gone! Thanks for stopping in.
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PRICE & RENT TRENDS
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$178 | |
| Property Insurance | -$58 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
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.
$310,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
2.5
YEARS SAVED
$6,110
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,444
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6117 W Laurie Lane Glendale, AZ 1
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,310
- $0.83
-
5714 W Orchid Lane Glendale, AZ 2
- 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 3
- 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
-
6213 W Echo Lane Glendale, AZ 4
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999
LEASED 02/10/21- Rent
- Rent Per SQFT
- $1,599
- $0.90
-
6752 W Northview Avenue Glendale, AZ 5
- 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2004
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,700
- $0.92
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197194
Last Updated: 02/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
