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10738 W Wagon Wheel Drive Glendale, AZ 85307

3 Beds 2 Baths 1,450 sqft Built 1987

$299,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $206.83
  • 3 Days on Market
  • MLS # : 6178331
  • Updated Date : 01/09/2021 at 06:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Homebright

Listing Agent's Description

!!! HONEY, THIS IS THE HOME !!!THESE WILL BE THE WORDS SPOKEN ONCE YOU SEE THIS GREAT PROPERTY. THE SELLER HAS TRULY BROUGHT THIS PROPERTY TO A HIGHER AND BETTER USE AND IT IS TRULY A GEM. NEW VINYL WINDOWS, NEW FLOORING AND BASEBOARDS THROUGHOUT; NEW KITCHEN CABINETS, NEW BATHROOM CABINETS; NEW KITCHEN COUNTER TOPS; NEW BATHROOM COUNTER TOPS; NEW MASTER SHOWER SURROUND; ALL CEILINGS SCRAPED AND REDONE; LOTS OF RECESSED CANS ON A DIMMER; NEW FANS IN ALL ROOMS; NEW KITCHEN APPLIANCES INCLUDING A S.S. REFRIGERATOR; NEW LANDSCAPING AROUND THE HOME; AND THE LIST GOES ON.SELLER SPENT OODLES AND OODLES OF MONEY TO GET THIS HOUSE JUST RIGHT AND IT REALLY SHOWS THROUGHOUT. GREAT FLOOR-PLAN WITH VAULTED CEILINGS; LARGE ROOMS; EAT IN KITCHEN; BREAKFAST BAR; AND MORE ! COME SEE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7971567

* 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
Country Meadows Elementary School Primary Regular 1,179 53 4
Country Meadows Elementary School Middle Regular 1,179 53 4
Raymond S. Kellis High School High Regular 1,928 75 4

Country Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Country Meadows Elementary School

  • Education Level: Middle
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,042
Property Tax -$144
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,303

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
  • $0.96

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3004$1,3905$1,575
$1,575
RENT COMPS ANALYSIS
  • 10738 W Wagon Wheel Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 8557 N 110th Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1994
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 7535 N 109th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1987
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 10603 W Seldon Lane Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.88
    •  
  • 10908 W Orangewood Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
PROPERTY LISTING DETAILS
Alan Blair Davis
Homebright
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178331
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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