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24634 N 66th Drive Glendale, AZ 85310

3 Beds 2 Baths 1,350 sqft Built 1999

$310,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $229.63
  • 2 Days on Market
  • MLS # : 6193831
  • Updated Date : 02/13/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Heres the one you have been waiting for! Convenient to shopping and restaurants and the brand new Lifetime gym and CCV. Shows and feels even larger than it is! Great curb appeal and a double wide gate for access to a beautiful back yard! A tasteful combination of Wood laminate, tile and carpet floors. Kitchen has a movable island that conveys with the property and Corian counters and sink! Black appliances including the refrigerator! Floor plan can be used as a large eat in kitchen or dining /family room combination with a large front living room! Ceiling fans, Dual pane windows and an a/c thats only about 6 years old gives you reasonable electric bills ! Walk in closet in master! Out back has a covered patio and extended paver patio & Fire pit ! EZ care Artificial grass & a putting green

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dave Brown Westview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Dave Brown Westview

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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

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

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,077
Property Tax -$185
Property Insurance -$54
HOA -$30
Property Management Fees -$99
CASH FLOW
-$44

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.

$310,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,936

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
  • $1,320

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4403$1,4504$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 24634 N 66th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6743 W Buckskin Trail Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.95
    •  
  • 6524 W Range Mule Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 6823 W Buckskin Trail Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 6611 W Desert Hollow Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Mounty West
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193831
Last Updated: 02/13/2021
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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