Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

19001 N 71st Lane Glendale, AZ 85308

4 Beds 4 Baths 2,963 sqft Built 1987

$505,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $170.74
  • 8 Days on Market
  • MLS # : 6188090
  • Updated Date : 02/04/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,963 sqft
  • Baths : 4 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to this stunning 4 bedroom, 4 bathroom home located in the highly sought after community, Arrowhead Ranch! Upon entering the house, you will be taken back by all the space this home offers. The formal dining and living room is an excellent place to host gatherings with loved ones. The stone fireplace will warm up any chilly day! Inside the kitchen, there are crisp white cabinets, sleek black appliances, and all the prep space you could need. The primary bedroom beams with space, an attached bathroom, and a huge walk-in closet! The additional bedrooms will not disappoint in size! Head to your backyard oasis, where there are gorgeous golf course views, a sparkling pool, an extended covered patio, and a lush lawn to play in. This house has a prime location that puts you near a great

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
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
 

$455,310$556,490$505,900

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 -$1,757
Property Tax -$360
Property Insurance -$85
HOA -$5
Property Management Fees -$99
CASH FLOW
$54

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.

$505,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.47%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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$139,814

INVESTMENT

$139,814

Down Payment
$126,475
Rehab Estimate
$5,750
Closing Costs
$7,589

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,757

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,475
Loan Amount $379,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$32,592

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
  • $2,570

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,3504$2,4255$2,500
$2,500
RENT COMPS ANALYSIS
  • 19001 N 71st Lane Glendale, AZ 1
    • 4 beds 4 baths ∙ 2,963 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,963 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19617 N 64th Lane Glendale, AZ 2
    • 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 1997
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 20690 N 70th Drive Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 1997
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 6478 W Tonopah Drive Glendale, AZ 4
    • 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1996
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.86
    •  
  • 7021 W Kimberly Way Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188090
Last Updated: 02/04/2021
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.

BESbswy