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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $116.94
- 6 Days on Market
- MLS # : 6161423
- Updated Date : 11/20/2020 at 18:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,364 sqft
- Baths : 2 full , 1 half
Listing Agent
Bevco Properties, Llc
Listing Agent's Description
*PROPERTY IS STILL UNDER CONSTRUCTION BUT WILL BE %100 READY BY 11/23* AMAZING 3 BED TOWNHOUSE BACKED UP TO A BEAUTIFUL LAKE! BRAND NEW CARPET! FRESH INTERIOR PAINT! NEWER FIXTURES THROUGHOUT! ENJOY YOUR LARGE LIVING ROOM WITH A FIREPLACE OVERLOOKING THE LAKE! MINUTES FROM SHOPPING, DINING AND ENTERTAINMENT! THANKS FOR SHOWING!
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PRICE & RENT TRENDS
Neighborhood: Maryland Lakes Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryland Lakes Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$588 |
| Property Tax | -$92 | |
| Property Insurance | -$54 | |
| HOA | -$220 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$159,500
PROJECTED PRICE
$1,070
PROJECTED RENT
0.67%
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
$48,018
LOAN DETAILS
$588
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $39,875 |
| Loan Amount | $119,625 |
5.25
YEARS SAVED
$10,016
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,070
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,170
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6550 N 47th Avenue #192 Glendale, AZ 2
- 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,070
- $0.78
-
5959 N 48th Avenue Glendale, AZ 1
- 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974
![property image]()
LEASED 09/01/19- Rent
- Rent Per SQFT
- $950
- $0.87
-
4722 W Rose Lane Glendale, AZ 3
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,150
- $0.87
-
5706 N 43rd Drive Glendale, AZ 4
- 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,200
- $0.83
-
4775 W Palmaire Avenue Glendale, AZ 5
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973
![property image]()
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,250
- $0.86
PROPERTY LISTING DETAILS
Bevco Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161423
Last Updated: 11/20/2020
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.
