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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $220.85
- 2 Days on Market
- MLS # : 6196577
- Updated Date : 02/21/2021 at 01:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,698 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Fantastic opportunity to own this 4bed/2bath Glendale home, situated on a premium cul-de-sac lot. Steps from shopping, dining, Glendale Community College and easy access to the 60. This gem features great curb appeal leading into the light and bright interior with tile flooring, custom paint tones and a flowing open floorplan. Spacious eat-in kitchen boasts stainless steel appliances, granite countertops and a plethora of beautiful dark cabinetry. Lovely master retreat with french doors to patio, includes en suite and walk in closet. Get out back and enjoy the Arizona weather under the covered patio, playing with the family in the lush green grass or cool off in the sparkling pool! Do not miss out. Schedule your private showing 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 | $1,390 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$215 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$287
|
||
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.
$375,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.37%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
1.75
YEARS SAVED
$4,168
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,532
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8916 N 56th Lane Glendale, AZ 3
- 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,390
- $0.82
-
6144 W Echo Lane Glendale, AZ 1
- 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,375
- $0.90
-
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
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
6213 W Echo Lane Glendale, AZ 4
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999
LEASED 02/10/21- Rent
- Rent Per SQFT
- $1,599
- $0.90
-
8819 N 57th Lane Glendale, AZ 5
- 5 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999 5 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196577
Last Updated: 02/21/2021
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.
