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19909 N 76th Avenue Glendale, AZ 85308

4 Beds 2 Baths 2,006 sqft Built 1992

$399,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $199.35
  • 2 Days on Market
  • MLS # : 6184750
  • Updated Date : 01/22/2021 at 23:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Come and see this move-in ready home in highly sought-after Arrowhead Ranch! Kitchen has been updated with granite counters, soft close dovetail drawers and crown molding. Bathrooms both feature granite counters, upgraded cabinets and above the counter sink vessels. Master bath features tile shower with dual heads with river rock features and soaking tub. Back patio has been added to extend the length of the home! Tile and laminate throughout. And vaulted ceilings to give you that open feel. Huge yard backs to greenbelt and private location. All this in fabulous Arrowhead Ranch with easy access to the Loop 101, Arrowhead Mall, and great dining. Highly rated Deer Valley School District. Arrowhead Country Club close by for golf and tennis.

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,389
Property Tax -$285
Property Insurance -$66
HOA -$12
Property Management Fees -$99
CASH FLOW
-$181

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.

$399,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.42%

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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6953$1,8004$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 19909 N 76th Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.83
    •  
  • 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
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 7224 W Blackhawk Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 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
    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
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lori Reiland
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184750
Last Updated: 01/22/2021
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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