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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $207.77
- 2 Days on Market
- MLS # : 6203662
- Updated Date : 03/06/2021 at 20:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,776 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Want to be able to walk to the Cardinals Stadium, Westgate, Tanger Outlets, Desert Diamond Casino and restaurants from your new home, without sacrificing quietude in your neighborhood? Then this is for you! This beautiful gem is conveniently situated in a peaceful neighborhood with, by the way, NO HOA!. Right off the 101 Freeway. This darling home has vaulted ceilings in most living areas, a renovated kitchen with tall cabinets, granite countertops and stainless steel appliances. Wood, ceramic tile and laminate flooring throughout. A gorgeous bathroom with tile shower, unique glass doors and waterfall faucet. Wide hallway, and a full master bathroom with shower and tub. Tailgate from your low maintenance backyard fully covered with pavers and trailer access on the side.
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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 | $1,380 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$295 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$357
|
||
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.
$369,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.37%
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
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
1.08
YEARS SAVED
$1,544
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,523
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
8738 W Ocotillo Road Glendale, AZ 1
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,380
- $0.78
-
6745 N 93rd Avenue #1137 Glendale, AZ 2
- 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
6512 N 85th Avenue Glendale, AZ 3
- 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
8515 W Ocotillo Road Glendale, AZ 4
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1994
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
6120 N 86th Drive Glendale, AZ 5
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.85
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203662
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
