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6079 W Audrey Lane Glendale, AZ 85308

4 Beds 2 Baths 2,069 sqft Built 1998

INVESTimate

$359,900

List Price

$1,790

$1,611 - $1,969

Rent Est.

$387,036  ( +7.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $173.95
  • 6 Days on Market
  • MLS # : 6120977
  • Updated Date : 08/21/2020 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

*Fantastic 4BR 2BA 2G 2,069sf open floor plan home located in the popular Arrowhead Meadows community in Glendale*This beautiful home includes a spacious island kitchen w/granite counter tops & huge breakfast bar area (stainless steel refrigerator included)*Huge great room, perfect for entertaining*Split floor plan*Double sinks, walking closet & sep. tub/shower in the master bathroom*Double sinks also in Bathroom #2*Ceiling fans in every room*Plus so much more...make sure to see this one today*

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
Greenbrier Elementary School Primary Regular 387 25 7
Greenbrier Elementary School Middle Regular 387 25 7
Deer Valley High School High Regular 1,854 95 5

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Greenbrier Elementary School

  • Education Level: Middle
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,328
Property Tax -$256
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$39

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.

$359,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7904$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 6079 W Audrey Lane Glendale, 3
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.87
    •  
  • 5948 W Kimberly Way Glendale, 1
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1996
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
  • 17844 N 55th Avenue Glendale, 2
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1979
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 5422 W Bluefield Avenue Glendale, 4
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 6586 W Oraibi Drive Glendale, 5
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Manuel R Lopez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120977
Last Updated: 08/21/2020
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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