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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $198.74
- 3 Days on Market
- MLS # : 6171726
- Updated Date : 12/18/2020 at 16:20
CONSTRUCTION
- Beds : 2
- Floor Size : 1,107 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This one is a MUST SEE! 2 Bed 2 Bath townhome with wood floors throughout with tile in kitchen and both full baths. Beautiful granite countertops in kitchen . Solar tube lighting in bathrooms and atrium in the dining room offer lots of natural light! Two car garage for plenty of storage Backyard has a covered patio and gate that opens to green belt.
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PRICE & RENT TRENDS
Neighborhood: Woodglen Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodglen Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,050 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$127 | |
| Property Insurance | -$49 | |
| HOA | -$167 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$204
|
||
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.
$220,000
PROJECTED PRICE
$1,050
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.5% |
| 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
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
1.25
YEARS SAVED
$1,462
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
-
$1,049
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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9071 N 47th Lane Glendale, AZ 1
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- Rent
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- $0
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5141 W Vogel Avenue Glendale, AZ 2
- 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1976
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,100
- $0.96
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7801 N 44th Drive #1174 Glendale, AZ 3
- 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 1999
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,100
- $0.90
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3823 W Golden Lane Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1967 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1967
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,250
- $0.97
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5017 W New World Drive Glendale, AZ 5
- 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,300
- $0.96
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171726
Last Updated: 12/18/2020
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.
