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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $136.13
- 4 Days on Market
- MLS # : 6192669
- Updated Date : 02/11/2021 at 20:03
CONSTRUCTION
- Beds : 5
- Floor Size : 3,122 sqft
- Baths : 2 full , 1 half
Listing Agent
Mashouses
Listing Agent's Description
Beautiful 5 bedroom home with a loft. Walk through the front door into a very large living room, then head back to see your beautiful kitchen! You will see granite counter tops, staggered cabinets and don't forget about the very spacious island. Go check out the 3 car tandem garage. Upstairs notice the loft and guest bathroom where you can entertain or use as extra space to relax. Make sure to make your appointment today. This one will go quickly.
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PRICE & RENT TRENDS
Neighborhood: Rovey Farm Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rovey Farm Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$228 | |
| Property Insurance | -$88 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$152
|
||
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.
$425,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
7.25
YEARS SAVED
$37,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,342
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
8755 W Midway Avenue Glendale, AZ 2
- 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,110
- $0.68
-
8851 W Augusta Avenue Glendale, AZ 1
- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005
LEASED 09/08/20- Rent
- Rent Per SQFT
- $2,095
- $0.69
-
8796 W Augusta Avenue Glendale, AZ 3
- 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2005
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.70
-
8775 W Lane Avenue Glendale, AZ 4
- 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,295
- $0.76
-
8782 W Peppertree Lane Glendale, AZ 5
- 4 beds 4 baths ∙ 3,126 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,126 Sqft ∙ Built 2012
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,650
- $0.85
PROPERTY LISTING DETAILS
Mashouses
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192669
Last Updated: 02/11/2021
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.
