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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $167.58
- 3 Days on Market
- MLS # : 6187206
- Updated Date : 01/29/2021 at 23:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,178 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Beautiful Glendale pool home offering 4 bed, 2.5 baths. Tile & carpet in all the right places. The family room has a cozy fireplace, and built-in niches. Spacious open floor plan. The eat-in kitchen has maple cabinets, granite counters, SS appliances, breakfast bar, and a pantry. powder room downstairs. Large loft has many possibilities. Laminate wood floors throughout the upstairs. The primary bedrooms has a full bath and walk-in closet. Sizable secondary bedrooms. The serene backyard has a covered patio, extended brick paver patio, sparkling fenced pool, and synthetic lawn area. Close to schools, shopping, and the US 60.
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PRICE & RENT TRENDS
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Yucca
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$210 | |
| Property Insurance | -$70 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$255
|
||
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.
$365,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.0% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
2
YEARS SAVED
$4,693
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
-
$1,661
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
7582 W Krall Street Glendale, AZ 1
- 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7117 N 73rd Drive Glendale, AZ 2
- 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
8008 W Stella Avenue Glendale, AZ 3
- 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,625
- $0.75
-
6765 N 75th Drive Glendale, AZ 4
- 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
7804 W Marlette Avenue Glendale, AZ 5
- 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.74
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187206
Last Updated: 01/29/2021
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.
