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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $218.67
- 4 Days on Market
- MLS # : 6186685
- Updated Date : 01/30/2021 at 05:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,532 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
Check out this Happy Valley Estates gem! Split floor plan, vaulted ceilings, and all of the finishes you are looking for. The master suite features a separate tub and shower, dual vanities, and a large walk-in closet. You'll love the mountain views in the backyard as you sit beneath the gazebo. You have space to work from home in the office nook or enjoy a meal at the island in your spacious kitchen. Looking for energy efficiency? This home comes with owned solar. Do not miss it, schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Happy Valley Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Happy Valley Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$200 | |
| Property Insurance | -$57 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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.
$335,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.2% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.08
YEARS SAVED
$17,449
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,574
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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6420 W Villa Linda Drive Glendale, AZ 1
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- Rent
- Rent Per SQFT
- $1,520
- $0.99
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6010 W Park View Lane Glendale, AZ 2
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LEASED 02/13/20- Rent
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- $1,600
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- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
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6515 W Saddlehorn Road Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,650
- $1.00
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6615 W Desert Hollow Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,700
- $1.08
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186685
Last Updated: 01/30/2021
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.
