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17479 N 70th Lane Glendale, AZ 85308

3 Beds 2 Baths 2,195 sqft Built 1998

$459,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $209.11
  • 2 Days on Market
  • MLS # : 6203594
  • Updated Date : 03/06/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,195 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful move-in ready home in a prime Arrowhead location inside Coventry Estates. This single level home is situated on a large corner lot just under 10,000' sq feet. Three car garage, a side service door, water softener loop, front security screened door and ceilings fans in every room including the patio. Gorgeous white plantation shutters throughout. Huge open great room and a split floor plan features 3 generously sized bedrooms and 2 full baths. Spacious master bedroom has dual separate vanities, separate garden tub and shower, and a huge walk in closet. Private door off the master leads to an extended covered patio. Oversized laundry room with sink and extra storage. New exterior paint in 2018. Close to dining, shopping, Spring Training, Cardinals Stadium, and The Glendale Arena

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coventry Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k479k

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

Neighborhood: Coventry Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522358

* 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
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating

Mountain Ridge High School

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

$413,100$504,900$459,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,594
Property Tax -$327
Property Insurance -$70
HOA -$3
Property Management Fees -$99
CASH FLOW
-$163

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.

$459,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,0003$2,0454$2,1505$2,495
$2,495
RENT COMPS ANALYSIS
  • 17479 N 70th Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.88
    •  
  • 7014 W Mcrae Way Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 18702 N 67th Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.87
    •  
  • 7036 W Morrow Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 18651 N 70th Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jennifer M Brandt
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203594
Last Updated: 03/06/2021
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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