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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $182.15
- 1 Days on Market
- MLS # : 6197264
- Updated Date : 02/21/2021 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,185 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Arrowhead Ranch - Location! Location! This 4 bedroom PLUS loft with 3 full bathrooms has a huge pie-shaped backyard with sparkling pool, fireplace, windows galore light & bright, stainless steel appliances, all newer cabinets & granite countertops in kitchen & in all 3 bathrooms, built-in dual convection oven/microwave, upgraded fixtures, french doors, dual pane windows, balcony, oversize garage with room for storage & much more! Only 2 blocks from Loop 101, across street from golf course, & 1.5 miles to Arrowhead Mall, this adorable home provides the perfect location in this coveted neighborhood!
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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 | $1,790 |
| EXPENSES | Loan Payment | -$1,382 |
| Property Tax | -$283 | |
| Property Insurance | -$70 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$57
|
||
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.
$398,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.45%
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
$111,220
LOAN DETAILS
$1,382
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,500 |
| Loan Amount | $298,500 |
4.42
YEARS SAVED
$17,474
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,923
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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7532 W Sequoia Drive Glendale, AZ 1
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- $0
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19913 N Denaro Drive Glendale, AZ 2
- 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
- $0.83
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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
-
19905 N 77th Avenue Glendale, AZ 4
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1991
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,925
- $0.92
-
7181 W Pontiac Drive Glendale, AZ 5
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,025
- $0.94
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197264
Last Updated: 02/21/2021
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.
