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PROPERTY INFO
FACTS
- Single Family
- Built In 1945
- Price/Sqft : $285.49
- 3 Days on Market
- MLS # : 6172610
- Updated Date : 12/18/2020 at 02:27
CONSTRUCTION
- Beds : 3
- Floor Size : 972 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Location Location!! Historic Glendale fully remodeled home with guest house! You must check out this corner lot property consisting of a 3 bed, 1 bath main house along with a separate 1 bed, 1 bath guest house which includes its very own kitchenette! Also featuring low maintenance landscaping, 2 slab parking spaces, and a side entry RV Gate, you simply have to come see it for yourself! Step inside and you'll find spacious dining/living area, a gorgeous kitchen that is comprised of ample cabinetry with granite countertops and a lovely breakfast bar, perfect for home cooking. With spacious closets in each bedroom, and an expansive backyard with tons of potential for customization, this home simply has it all! Come Check it out before it's gone!
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PRICE & RENT TRENDS
Neighborhood: Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$1,024 |
| Property Tax | -$159 | |
| Property Insurance | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$277,500
PROJECTED PRICE
$1,170
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.3% |
| 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
$79,288
LOAN DETAILS
$1,024
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,375 |
| Loan Amount | $208,125 |
3.08
YEARS SAVED
$7,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.2
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
7514 N 60th Avenue Glendale, AZ
- 3 beds 2 baths ∙ 972 Sqft ∙ Built 1945 3 beds 2 baths ∙ 972 Sqft ∙ Built 1945
![property image]()
- Rent
- Rent Per SQFT
- $1,170
- $1.20
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172610
Last Updated: 12/18/2020
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.
