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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $240.34
- 2 Days on Market
- MLS # : 6178903
- Updated Date : 01/09/2021 at 00:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,080 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
IMMACULATE REMODEL sure to impress! This is a lake community and is located in the heart of Arrowhead Ranch where homes rarely become available. This single level, 4 bedroom home offers an opened up living space with vaulted ceilings and lots of natural light. The upgraded kitchen has granite counter tops, lots of storage and brand new stainless steel appliances. New paint and flooring throughout the home as well as new ceiling fans and light fixtures. The paved backyard is very low maintenance with a nice and cozy fire pit area for those chilly nights. Easy access to freeway, shops, restaurants, and in an A+ rated school. The lake is just a few steps away. This is truly a move in ready home and is a MUST SEE!!
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PRICE & RENT TRENDS
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$373 | |
| Property Insurance | -$68 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$499,900
PROJECTED PRICE
$2,010
PROJECTED RENT
0.40%
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
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
2.42
YEARS SAVED
$9,154
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
-
$1,997
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
6809 W Sonnet Drive Glendale, AZ 1
- 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996
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- Rent
- Rent Per SQFT
- $0
- $0.00
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7198 W Blackhawk Drive Glendale, AZ 2
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
7181 W Pontiac Drive Glendale, AZ 3
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,025
- $0.94
-
6652 W Rose Garden Lane Glendale, AZ 4
- 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
![property image]()
LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
20253 N 63rd Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.98
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178903
Last Updated: 01/09/2021
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.
