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18919 N 69th Avenue Glendale, AZ 85308

3 Beds 2 Baths 1,813 sqft Built 1985

$387,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $213.46
  • 2 Days on Market
  • MLS # : 6160485
  • Updated Date : 11/14/2020 at 12:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,813 sqft
  • Baths : 2 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

Incredible opportunity to own this 3bed/2bath Home in the coveted Arrowhead Ranch subdivision. Front curb appeal with mature shade trees and a charming paver patio. Step into the light and bright beautifully updated interior, featuring soaring vaulted ceilings, wood look flooring and an open concept floor plan. Ceiling fans and upgraded low E Windows throughout. Kitchen boasts stainless steel appliances, granite countertops, white cabinetry and a breakfast/coffee bar with pendant lighting. Gorgeous master bedroom with large Bay window and walk in closet. Master Bath has dual sinks, granite top and huge tiled shower. Relax and entertain friends in the quiet and serene, meticulously landscaped backyard, complete with above ground spa and jaw dropping golf course views.

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
 

$348,300$425,700$387,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,428
Property Tax -$275
Property Insurance -$63
HOA -$5
Property Management Fees -$99
CASH FLOW
-$140

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.

$387,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,305

INVESTMENT

$108,305

Down Payment
$96,750
Rehab Estimate
$5,750
Closing Costs
$5,805

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,428

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,750
Loan Amount $290,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7304$1,7505$2,100
$2,100
RENT COMPS ANALYSIS
  • 18919 N 69th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.95
    •  
  • 7203 W Kimberly Way Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 6627 W Kristal Way Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 18801 N 67th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 7107 W Utopia Road Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1988
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Laura Hansen
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160485
Last Updated: 11/14/2020
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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