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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $185.09
- 7 Days on Market
- MLS # : 6175084
- Updated Date : 12/30/2020 at 16:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,026 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Perfectly located newly built home with tons of upgrades including granite counters, beautiful tile, stainless steel appliances, vaulted ceilings throughout the house and in the garage, just too much to list! Premium lot located on a quiet cul-de-sac, close to the Cardinal's Stadium, entertainment, restaurants, shopping and best of all move in ready!
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PRICE & RENT TRENDS
Zip Code: 85305
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85305
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$201 | |
| Property Insurance | -$67 | |
| HOA | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$375,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.24% |
| 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
$101,375
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.17
YEARS SAVED
$17,404
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
-
$1,717
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
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8800 W Hayward Avenue Glendale, AZ 3
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
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8407 W Myrtle Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005
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LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,850
- $0.83
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7226 N 84th Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005
![property image]()
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,850
- $0.86
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175084
Last Updated: 12/30/2020
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.
