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3820 W Questa Drive Glendale, AZ 85310

3 Beds 2 Baths 1,859 sqft Built 1997

$360,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $193.65
  • 3 Days on Market
  • MLS # : 6197532
  • Updated Date : 02/27/2021 at 04:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

You are going to Love this well cared for home in an amazing area -- surrounded by mountains, hiking, Hurricane Harbor water park, The 500 Club golf course, Victory Lane sports complex, baseball fields, children's parks, kart racing, shopping, restaurants and so much more! Beautifully updated kitchen with Quartz counters and stainless steel appliances is perfect for cooking and entertaining. Artificial grass in the backyard means it's green all year and no mowing or fertilizing needed!. Big ole RV gate on the side for all your toys. Fresh exterior paint in 2020. HOA fees so low you'll almost forget you have one. Oh, and all appliances convey! Seriously, are you enticed yet? Add this to your favorites list and have your amazing agent make an appointment to show it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: North Canyon 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

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

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,250
Property Tax -$215
Property Insurance -$63
HOA -$3
Property Management Fees -$99
CASH FLOW
$79

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.

$360,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7993$1,8004$1,8005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3820 W Questa Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.92
    •  
  • 3561 W Chama Road Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1998
    property image
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.02
    •  
  • 4202 W Soft Wind Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989
    property image
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 4232 W Soft Wind Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 3874 W Misty Willow Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1991
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Rebecka L Burns
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197532
Last Updated: 02/27/2021
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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