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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $178.47
- 7 Days on Market
- MLS # : 6174334
- Updated Date : 01/06/2021 at 16:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,681 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
Beautifully maintained home on a large lot with a pool! Immediately feel welcomed as you walk up the extended driveway to the front patio. The interior is filled with light & offers an open floorplan for effortless entertaining. Updated wood-look flooring throughout. A well-equipped kitchen features tiled backsplash, SS appliances & bar seating. Adjacent to the kitchen is a spacious dining room complete with a cozy wood-burning fireplace. Roomy additional bedrooms & updated guest bath with tiled shower surround. Terrific master bedroom boasts a private ensuite with double sinks & tiled walk-in shower. In-garage laundry has cabinets for storage & a sink! Big backyard with grass, RV gate, storage unit & refreshing pool! Incredible opportunity for anyone looking in the area. See it today!
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PRICE & RENT TRENDS
Neighborhood: Barrel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrel
* 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 | -$1,042 |
| Property Tax | -$172 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$67
|
||
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.
$300,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.58
YEARS SAVED
$23,832
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 -
$0.86
LIST RENT PER SQFT
-
$1,492
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
8521 N 53rd Drive Glendale, AZ 3
- 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,440
- $0.86
-
9003 N 53rd Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1974
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
5714 W Orchid Lane Glendale, AZ 2
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
9051 N 49th Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,525
- $0.87
-
5410 W Eva Street Glendale, AZ 5
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174334
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
