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18723 N 77th Avenue Glendale, AZ 85308

5 Beds 3 Baths 3,075 sqft Built 1995

$514,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $167.45
  • 5 Days on Market
  • MLS # : 6159011
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,075 sqft
  • Baths : 3 full
Listing Agent

Xcd Realty & Property Mgmt

Listing Agent's Description

Immaculate 5 bedroom home on a well renowned private golf course, sparkling private pool, 3-car garage, fireplace, vaulted ceilings, stainless appliances and the list goes on.The home is equipped with a full bedroom and bathroom on the main, large open kitchen, high ceilings, fireplace, dedicated living and family rooms, full appliance package and more. Close to schools, shopping, amenities and commuter highways. Perfect place for the family with discerning taste.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

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

Neighborhood: Arrowhead Ranch

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Arrowhead Elementary School Primary Regular 584 32 8
Arrowhead Elementary School Middle Regular 584 32 8
Mountain Ridge High School High Regular 2,206 94 7

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Mountain Ridge High School

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

$463,410$566,390$514,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,900
Property Tax -$367
Property Insurance -$87
HOA -$11
Property Management Fees -$99
CASH FLOW
-$104

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.

$514,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$25,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,391

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,0953$2,1504$2,3605$2,450
$2,450
RENT COMPS ANALYSIS
  • 18723 N 77th Avenue Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.77
    •  
  • 19315 N 77th Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 19314 N 77th Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 7503 W Julie Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 6914 W Escuda Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Samir Sawhney
Xcd Realty & Property Mgmt
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159011
Last Updated: 11/13/2020
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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