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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $129.24
- 3 Days on Market
- MLS # : 6196732
- Updated Date : 02/19/2021 at 23:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,514 sqft
- Baths : 2 full , 1 half
Listing Agent
Canam Realty Group
Listing Agent's Description
Welcome Home!!! This Gorgeous 2 story at Paradise Views is in a great location. Close to Restaurants, Shopping, Schools, Parks, and easy access to the 101 Fwy and Grand Ave. As soon as you step into this home, you can see the Pride of Ownership with all that has been done. On the main level there is tile throughout this open concept floor plan. This Elegant kitchen has New Stainless Steel Appliances, a plethora of cabinets, Stunning New Granite Counter Tops, and a large Island for extra prep & storage. Your Master Suite offers a large walk in closet, New Granite double sink Vanity, and New Wood Plank Vinyl flooring in the bathroom. This home also offers a loft area to utilize space, New Interior & Exterior paint, a large balcony that overlooks the backyard, New garage door opener,
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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 | $1,440 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$187 | |
| Property Insurance | -$76 | |
| HOA | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$123
|
||
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.
$324,900
PROJECTED PRICE
$1,440
PROJECTED RENT
0.44%
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
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
3.33
YEARS SAVED
$9,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.57
LIST RENT PER SQFT
-
$1,728
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
7634 N 72nd Avenue Glendale, AZ 1
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- Rent
- Rent Per SQFT
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- $0.57
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7253 W State Avenue Glendale, AZ 2
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LEASED 09/11/19- Rent
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- $1,550
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- 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,550
- $0.67
-
8505 N 64th Lane Glendale, AZ 4
- 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,575
- $0.71
-
8258 W Nicolet Avenue Glendale, AZ 5
- 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,750
- $0.70
PROPERTY LISTING DETAILS
Canam Realty Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196732
Last Updated: 02/19/2021
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.
