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19504 N 71st Avenue Glendale, AZ 85308

4 Beds 3 Baths 2,628 sqft Built 1994

$515,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $195.97
  • 4 Days on Market
  • MLS # : 6192864
  • Updated Date : 02/11/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,628 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning golf course home on the 18th fairway overlooking Arrowhead Ranch clubhouse. Gorgeous sunsets! Home features 4 bedrooms, 3 baths and 3 car garage. First floor bedroom is currently set up as an office (no closet). The second story master suite overlooks the golf course with private balcony, walk-in closet, dual sinks and jetted soaking tub. Two additional bedrooms upstairs have large closets and full bath. Kitchen boasts a new S/S refrigerator and S/S appliances. Plantation shutters throughout the home. Close to Arrowhead mall, hiking trails and everything Arrowhead Ranch has to offer!

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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,789
Property Tax -$367
Property Insurance -$78
HOA -$5
Property Management Fees -$99
CASH FLOW
-$238

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.

$515,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.41%

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

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$142,225

INVESTMENT

$142,225

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,194

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 19504 N 71st Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 19314 N 77th Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 6921 W Sack Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 1990
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 19305 N 78th Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1993
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 20690 N 70th Drive Glendale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michael Stefani
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192864
Last Updated: 02/11/2021
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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