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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $157.12
- 2 Days on Market
- MLS # : 6173098
- Updated Date : 12/19/2020 at 16:47
CONSTRUCTION
- Beds : 4
- Floor Size : 3,596 sqft
- Baths : 3 full
Listing Agent
Realty Executives
Listing Agent's Description
GORGEOUS GLENDALE HOME* SPARKLING PLAY POOL* 3596 SQ FT* 4 BEDROOMS* 3 BATHROOMS* 3 CAR GARAGE* DOWNSTAIRS DEN/OFFICE* SPACIOUS UPSTAIRS BONUS ROOM* LARGE 11,400 SQ FT LUSH GREEN CORNER CUL DE SAC LOT* BLACK GRANITE SLAB KITCHEN & BATHROOMS COUNTERTOPS* NEWER LIGHTING FIXTURES* FRESHLY NEUTRAL PAINTED EXTERIOR* REMODELED MASTER BATHROOM W/ LARGE CUSTOM TILED GARDEN TUB* LARGE CUSTOM GLASS & TILE MASTER SHOWER* NEWER MASTER SINK BOWEL BASINS* REMODELED OTHER BATHROOMS W/ NEWER SINK BOWEL BASINS* NEWER PLUSH NEUTRAL CARPETING UPSTAIRS* ALL BEDROOMS ARE LARGE UPSTAIRS* DEN/OFFICE COULD BE EASILY MADE INTO A 5TH BEDROOM* LUSH GREEN LANDCAPING IN BACKYARD* LOTS OF POOL COOL DECKING FOR ENTERTAINING* MOUNTAIN VIEWS IN BACK W/ TALL LUSH CYPRESS TREES* WATER SOFENER OWNED* SECURITY SYSTEM OWNED*
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PRICE & RENT TRENDS
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arrowhead Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$2,085 |
| Property Tax | -$402 | |
| Property Insurance | -$97 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$32
|
||
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.
$565,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$155,475
LOAN DETAILS
$2,085
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,250 |
| Loan Amount | $423,750 |
5.58
YEARS SAVED
$41,585
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,571
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
6791 W Marco Polo Road Glendale, AZ 1
- 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6840 W Escuda Road Glendale, AZ 2
- 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,398
- $0.72
-
6713 W Oraibi Drive Glendale, AZ 3
- 5 beds 4 baths ∙ 3,727 Sqft ∙ Built 1987 5 beds 4 baths ∙ 3,727 Sqft ∙ Built 1987
LEASED 01/07/20- Rent
- Rent Per SQFT
- $2,495
- $0.67
-
6785 W Marco Polo Road Glendale, AZ 4
- 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,500
- $0.75
-
6006 W Kerry Lane Glendale, AZ 5
- 5 beds 4 baths ∙ 3,458 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,458 Sqft ∙ Built 1998
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.72
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173098
Last Updated: 12/19/2020
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.
