Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1953
- Price/Sqft : $139.24
- 3 Days on Market
- MLS # : 6167529
- Updated Date : 12/03/2020 at 21:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,292 sqft
- Baths : 2 full
Listing Agent
Tierra Bella Realty
Listing Agent's Description
**NOT FOR RENT** FIXER UPPER** INVESTOR SPECIAL** BLOCK HOME ** This home sits on a cozy little street and the neighbors seem to look out for each other. This nice 3 bedroom/1.75 baths block home has all bedrooms on one side of the home and kitchen and living room on the other side. The master bedroom is spacious and has it's own linen closet. The front and backyard are spacious. The backyard has a detached storage/workshop room is surrounded by lots of vegetation. Needs a little clean up and elbow grease but will look super attractive once that's done. Should be a fun project, great investment opportunity for the lucky person who snags it!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Tuckey Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tuckey Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,030 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$103 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$112
|
||
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.
$179,900
PROJECTED PRICE
$1,030
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
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
8.67
YEARS SAVED
$24,747
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
-
$1,163
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
6338 W Tuckey Lane Glendale, AZ 1
- 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1953
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5036 W Ocotillo Road Glendale, AZ 2
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,050
- $0.86
-
6952 W Rancho Drive Glendale, AZ 3
- 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,195
- $0.88
-
6232 W Rose Lane Glendale, AZ 4
- 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,230
- $0.93
-
6756 W Georgia Avenue Glendale, AZ 5
- 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 1973
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,299
- $0.93
PROPERTY LISTING DETAILS
Tierra Bella Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167529
Last Updated: 12/03/2020
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.
