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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $188.84
- 3 Days on Market
- MLS # : 6177080
- Updated Date : 01/16/2021 at 20:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,863 sqft
- Baths : 3 full
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
Turn up the volume on the video and see how much fun it is to live here at ''The 1037.'' Hand-scraped white oak flooring; quartz counters in the bathrooms; new carpeting; custom wrought iron railing; two of three bedrooms are en suite; all three bedrooms have walk-in closets. If that's not impressive enough, just look outside at your view of the stadium, mountains and sunsets. Inside and out, this is THE premier end unit at The Quarter at Westgate. Imagine hosting pre-game and post-game functions with friends and family within easy walking distance to football, hockey, concerts, movies, dining, outlet mall shopping. And you're minutes from three Spring Training stadiums for the Dodgers, White Sox, Brewers, Mariners and Padres. Prepare to entertain and be entertained at ''The 1037.''
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PRICE & RENT TRENDS
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,222 |
| Property Tax | -$281 | |
| Property Insurance | -$64 | |
| HOA | -$326 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$352
|
||
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.
$351,800
PROJECTED PRICE
$1,640
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.0% |
| 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
$98,977
LOAN DETAILS
$1,222
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,950 |
| Loan Amount | $263,850 |
0.42
YEARS SAVED
$497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,560
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
6605 N 93rd Avenue #1037 Glendale, AZ 4
- 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,640
- $0.88
-
8950 W Ocotillo Road Glendale, AZ 1
- 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,449
- $0.82
-
6745 N 93rd Avenue #1137 Glendale, AZ 2
- 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
6512 N 85th Avenue Glendale, AZ 3
- 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
6120 N 86th Drive Glendale, AZ 5
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.85
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177080
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
