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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $145.87
- 2 Days on Market
- MLS # : 6168277
- Updated Date : 12/05/2020 at 20:08
CONSTRUCTION
- Beds : 4
- Floor Size : 1,851 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
SPARKLING CLEAR PEBBLE-FINISH SWIMMING POOL 4 bedrooms plus a Den, 2 bath, 2 large storage sheds, Cul-de-sac lot, centrally located near shopping, Glendale Community College and easy access to I-17. With over 1800 sqft there is plenty of space for schooling and/or working from home. There are not many 4 bedroom homes with a beautiful pool in the valley, this is your opportunity. Don't miss this gem by waiting.
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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 | $1,550 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$145 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$247
|
||
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.
$270,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.57%
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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
10.42
YEARS SAVED
$48,057
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,675
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
9208 N 52nd Drive Glendale, AZ 2
- 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,550
- $0.84
-
9051 N 49th Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,525
- $0.87
-
10010 N 50th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,575
- $0.87
-
5410 W Eva Street Glendale, AZ 4
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
-
5531 W Brown Street Glendale, AZ 5
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168277
Last Updated: 12/05/2020
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.
