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6019 W Grandview Road Glendale, AZ 85306

4 Beds 3 Baths 2,312 sqft Built 1985

$435,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $188.15
  • 2 Days on Market
  • MLS # : 6184864
  • Updated Date : 01/24/2021 at 04:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,312 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Come see this Beautiful 4bedroom, 2,5 bath. Spacious floor plan with great room, dining room with 20 feet ceiling , family room with fireplace. Beautiful new kitchen cabinets ,quartz countertops, new sink ,faucet ,disposal, light. New master bathrooms shower, bathtub, sinks, toilet, faucets, mirrors, new cabinets, new flooring. Kids bathroom and 1/2 bath new cabinets, double sinks, faucet, toilet, mirrors, flooring. New carpet, new flooring. Fresh interior /exterior paint. New electric outlets ,New blinds, New roof 2019,No HOA W/RV GATE! New landscaping rock. 2 Gazebo, big backyard. Enjoy your summer days diving into your own sparkling pebble-Tec pool. Centrally located with easy access to 101/I17 and Arrowhead Mall. Come See your new home! OPEN HOUSE SUNDAY 1/24/2021 12PM-3PM

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Foothills Elementary School Primary Regular 677 37 5
Foothills Elementary School Middle Regular 677 37 5
Cactus High School High Regular 1,283 61 5

Foothills Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 37
5
GreatSchools Rating

Foothills Elementary School

  • Education Level: Middle
  • # of students: 677
  • # of teachers: 37
5
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,511
Property Tax -$233
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$55

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.

$435,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$22,454

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
  • $1,913

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,7005$2,095
$2,095
RENT COMPS ANALYSIS
  • 6019 W Grandview Road Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16239 N 63rd Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1983
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 5743 W Monte Cristo Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 15257 N 53rd Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 6201 W Grandview Road Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1988
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bonnie Stachon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184864
Last Updated: 01/24/2021
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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