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24010 N 66th Lane Glendale, AZ 85310

4 Beds 2 Baths 2,400 sqft Built 2001

$409,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $170.79
  • 3 Days on Market
  • MLS # : 6165423
  • Updated Date : 11/27/2020 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full
Listing Agent

Homesmart Success

Listing Agent's Description

Beautiful 1-story home with a 3-car garage in a quiet gated community. Featuring new interior paint, with tile and laminate floors throughout except for 2 bedrooms, which have brand new carpet. Spacious kitchen with lots of cabinet space, center island, and granite counters. All the appliances convey, including the fridge, washer/dryer, and water softener. Fantastic floorplan with high vaulted ceilings. The master bedroom is split from the other bedrooms, and the en-suite bath boasts double sinks, separate shower and jetted tub, and a walk-in closet. The backyard has a covered patio, a grassy area for kids or pets, and a built-in above-ground spa to relax in on those cooler nights. And the lot is very private, on a corner with no neighbors behind. Come see this amazing property today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,512
Property Tax -$244
Property Insurance -$74
HOA -$70
Property Management Fees -$99
CASH FLOW
$180

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$409,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$49,273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0993$2,1504$2,1805$2,500
$2,500
RENT COMPS ANALYSIS
  • 24010 N 66th Lane Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.91
    •  
  • 5934 W Questa Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.90
    •  
  • 5839 W Electra Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1994
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.94
    •  
  • 23614 N 58th Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,244 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,244 Sqft ∙ Built 1994
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 6521 W Chester Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kelli D. Mcintosh
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165423
Last Updated: 11/27/2020
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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