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19408 N 73rd Lane Glendale, AZ 85308

4 Beds 3 Baths 3,228 sqft Built 1989

INVESTimate

$499,900

List Price

$2,330

$2,097 - $2,563

Rent Est.

$523,795  ( +4.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $154.86
  • 6 Days on Market
  • MLS # : 6120187
  • Updated Date : 08/25/2020 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,228 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

WOW, that will be your first response to this Stunning home in Arrowhead by the lakes! This home has so many amazing features you will enjoy everyday. From the time you walk in the excitement begins with large open areas to entertain, a beautiful eat in kitchen. Right next to the kitchen is an inviting family room with a fireplace and a nice sized bedroom and bath. Upstairs is a large bedroom with an on-suite fit for royalty. With 2 more bedrooms and a third bath this rounds out the upstairs. The Amazing part is there is a large finished basement that is perfect for entertaining. The resort style backyard has a large pool, spa, covered patio and seating area. Mature landscaping is lush. Top it all off with a new roof in 2018. Don't miss out on this Masterpiece of a home!

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,844
Property Tax -$356
Property Insurance -$90
HOA -$30
Property Management Fees -$99
CASH FLOW
-$89

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.

$499,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.78%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$25,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,445

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,3304$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 19408 N 73rd Lane Glendale, 3
    • 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.72
    •  
  • 6840 W Escuda Road Glendale, 1
    • 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.69
    •  
  • 7163 W Utopia Road Glendale, 2
    • 3 beds 3 baths ∙ 2,974 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,974 Sqft ∙ Built 1992
    property image
    LEASED 04/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 6914 W Escuda Drive Glendale, 4
    • 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
    •  
  • 6785 W Marco Polo Road Glendale, 5
    • 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
PROPERTY LISTING DETAILS
Randall Becker
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120187
Last Updated: 08/25/2020
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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