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

22351 N 67th Drive Glendale, AZ 85310

3 Beds 2 Baths 2,080 sqft Built 1996

$449,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $216.30
  • 3 Days on Market
  • MLS # : 6156215
  • Updated Date : 11/06/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,080 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Clean and well cared for single story Newport model. Huge Private yard with mountain views & SPARKLING POOL, oversized RV GATE with concrete pad to store your toys below the fence line. Open floor plan with high ceilings throughout. GOURMET KITCHEN equipped with high-end SS appliances, pantry, GRANITE counter-tops, and island with breakfast bar. Open kitchen into family room with fireplace. Incredible master retreat offers separate tub/shower, dual sinks, and his & her closets. In the backyard, spend a relaxing evening under the covered patio or in the refreshing pebble surface blue pool with mountain views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k367k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hillcrest Ranch

NeighborhoodNIR 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Mountain Ridge High School High Regular 2,206 94 7

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,660
Property Tax -$335
Property Insurance -$68
HOA -$10
Property Management Fees -$99
CASH FLOW
-$182

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.

$449,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9903$1,9954$2,0955$2,295
$2,295
RENT COMPS ANALYSIS
  • 22351 N 67th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.96
    •  
  • 6711 W Crest Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.91
    •  
  • 7124 W La Senda Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 21405 N 67th Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1997
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 6774 W Lone Cactus Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sheri Lynn Mcbroom
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156215
Last Updated: 11/06/2020
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.

BESbswy