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10617 W Solano Drive Glendale, AZ 85307

3 Beds 2 Baths 1,673 sqft Built 1995

$419,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $250.99
  • 3 Days on Market
  • MLS # : 6188417
  • Updated Date : 02/06/2021 at 21:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Amazing location on a large, 1/2 acre horse property and no HOA! Beautifully updated home with open concept floor plan, vaulted ceilings, eat-in kitchen and breakfast bar. Split master bedroom features a recently remodeled bath. Additionally this house offers a 3 car garage, new tile floors in the kitchen, spacious bedrooms, and amazing full length covered patio. Country meets city living with nearby horse trails and just minutes to 101 and nearby sports arenas including Cardinals, Coyotes, Dodgers/White Sox Spring Training Facility. Shopping, dining, entertainment at nearby Westgate City Center.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thoroughbred Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k351k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Thoroughbred Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621789

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,458
Property Tax -$360
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$467

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.

$419,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$629

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,510

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,405

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4254$1,5105$1,513
$1,513
RENT COMPS ANALYSIS
  • 10617 W Solano Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.90
    •  
  • 10310 W Luke Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 10311 W Denton Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 10330 W San Juan Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 5704 N 103rd Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
PROPERTY LISTING DETAILS
Gina Keilen
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188417
Last Updated: 02/06/2021
support@investimateroi.com

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.

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