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19627 N 78th Avenue Glendale, AZ 85308

4 Beds 3 Baths 2,081 sqft Built 1992

$365,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $175.40
  • 8 Days on Market
  • MLS # : 6184929
  • Updated Date : 01/30/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,081 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Absolutely NO showings until ACTIVE.Don't miss this incredible 4 bed/2.5 bath Glendale home available in highly sought after Arrowhead. Excellent community conveniently located near the Loop 101 and within easy reach of schools, shopping and restaurants. You will love the outdoor space. Perfect for entertaining, the secluded backyard oasis is complete with a covered patio and a sparkling pool. This gem has it all. See it today.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,268
Property Tax -$260
Property Insurance -$68
HOA -$12
Property Management Fees -$99
CASH FLOW
$43

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.

$365,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.48%

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$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$23,722

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
  • $1,852

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8004$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 19627 N 78th Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7710 W Wahalla Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 7983 W Tonopah Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 19913 N Denaro Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1986
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 19905 N 77th Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1991
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.92
    •  
PROPERTY LISTING DETAILS
Marcus Bowen
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184929
Last Updated: 01/30/2021
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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