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10916 W Frier Drive Glendale, AZ 85307

4 Beds 3 Baths 2,361 sqft Built 1999

$449,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $190.55
  • 1 Days on Market
  • MLS # : 6263811
  • Updated Date : 07/13/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

The search is over, your dream house is here! This outstanding property with 4 beds & 2.5 baths has it all! Low maintenance front yard, 3 car garage, and RV gate make up this captivating home. As you step in, you'll find a bright living room. It flows into the eat-in kitchen featuring SS appliances, granite counters, island bar, & tons of storage. A few steps down will lead you to the family room that has sliding door access to the 2nd living room with a wet bar great for entertaining, and a French door patio access to the amazing backyard & pool. Upstairs master suite has a lavish ensuite with his & her sinks, tub, shower, and walk-in closet. Beautiful backyard offers lush grass, pavers, and a fenced pool. This home is perfect for entertaining all your guests and loved ones. Must 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
Raymond S. Kellis High School High Regular 1,928 75 4
Raymond S. Kellis High School High Unknown NA

Raymond S. Kellis High School

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

Raymond S. Kellis High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,563
Property Tax -$217
Property Insurance -$73
HOA -$47
Property Management Fees -$99
CASH FLOW
-$278

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.

$449,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.38%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,7954$1,9005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10916 W Frier Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10719 W Wagon Wheel Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1984
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.66
    •  
  • 11241 W Alice Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1993
    LEASED 04/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 11580 W Vogel Avenue Youngtown, AZ 4
    • 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004
    LEASED 07/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 10180 W Golden Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jim Conway, Jr
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263811
Last Updated: 07/13/2021
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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