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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $193.91
- 2 Days on Market
- MLS # : 6206868
- Updated Date : 03/13/2021 at 17:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,676 sqft
- Baths : 1 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Beautifully remodeled 4 bedroom, 1.75 bath home with block fenced yard and 2 car garage. Lots of custom features. Dual pane windows, Brand new AC system, custom wood shutters, stainless steel appliances, new flooring. House shows like a magazine. Also has 2 storage units plus a nice storage room in garage. New blown in insulation installed over the home and even the garage. Beautiful, vacant, clean and move in ready.
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PRICE & RENT TRENDS
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$178 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$246
|
||
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.
$325,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.38%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.92
YEARS SAVED
$3,851
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
-
$1,307
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
6308 N 40th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1966
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6535 N 44th Avenue Glendale, AZ 2
- 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.79
-
4539 W Montebello Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,400
- $0.77
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206868
Last Updated: 03/13/2021
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.
