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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $196.42
- 2 Days on Market
- MLS # : 6194575
- Updated Date : 02/20/2021 at 02:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,316 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Absolutely pristine home in highly sought after Arrowhead Ranch. Entering through Double Doors you will love the Hardwood Flooring and Tall ceilings in the entry, Living Room, and Dining Room. Gourmet kitchen with Upgraded Cabinets, custom Granite, Stainless Steel Appliances, and center Island, Breakfast Nook adjacent to the kitchen and open to the large Family Room & half Bath. Large Master Suite with stunning upgraded custom bathroom. Remaining 3 bedrooms are large in size with lots of closet space. Second bathroom is also upgraded with custom tile and vanity. Private covered patio is perfect for watching sunsets and overlooks the beautiful private pool and large grass area with fruit trees.Great location close to 101, mall and restaurants. This is a must see!
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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 | $1,870 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$324 | |
| Property Insurance | -$72 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$210
|
||
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.
$454,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.41%
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
$126,299
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,725 |
| Loan Amount | $341,175 |
3
YEARS SAVED
$10,642
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,021
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7384 W Taro Lane Glendale, AZ 2
- 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,870
- $0.81
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19913 N Denaro Drive Glendale, AZ 1
- 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1986
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,800
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7395 W Oraibi Drive Glendale, AZ 3
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,900
- $0.83
-
7014 W Mcrae Way Glendale, AZ 4
- 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.88
-
7036 W Morrow Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,150
- $0.95
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194575
Last Updated: 02/20/2021
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.
