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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $165.93
- 3 Days on Market
- MLS # : 6163256
- Updated Date : 11/20/2020 at 22:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,923 sqft
- Baths : 2 full , 1 half
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Custom home in the highly desirable Hidden Manor neighborhood! Featuring 4 generous sized bedrooms RARE 2.5 bathrooms a spacious den and custom, lush landscaping on nearly a 1/2 acre lot, you will surely fall in love. Walk to the back yard to see an enormous diving pool, built in BBQ, TIKI bar, fireplace. The HOA allows 5th wheels, Rv's, motorhomes and structures. This property has an RV gate with street access and a 40 foot paved slab for your toys, trailers, RV's and Motorhomes! Come check out this amazing home! All outlets and switches have been replaced, new carpet, fresh interior and exterior paint, new vanities, new stainless double ovens and much much more!
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PRICE & RENT TRENDS
Neighborhood: Hidden Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$217 | |
| Property Insurance | -$84 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$240
|
||
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.
$485,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$134,275
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
8.25
YEARS SAVED
$61,410
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
-
$2,273
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
7513 W Wagoner Road Glendale, AZ 1
- 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
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19315 N 77th Drive Glendale, AZ 2
- 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,095
- $0.74
-
19314 N 77th Avenue Glendale, AZ 3
- 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,095
- $0.76
-
7503 W Julie Drive Glendale, AZ 4
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986
LEASED 09/23/19- Rent
- Rent Per SQFT
- $2,150
- $0.79
-
6914 W Escuda Drive Glendale, AZ 5
- 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,450
- $0.82
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163256
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.
