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6102 W Surrey Avenue Glendale, AZ 85304

3 Beds 2 Baths 1,931 sqft Built 1984

$349,947

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $181.23
  • 2 Days on Market
  • MLS # : 6210076
  • Updated Date : 03/20/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

Arizona Premier Realty Homes & Land, Llc

Listing Agent's Description

LOVELY 3BR/2 BA WELL-MAINTAINED HOME WITH ALMOST 2,000 FT LIVING SPACE. VAULTED CEILINGS, NEUTRAL COLOR SCHEMES AND LAMINATE FLOORING THROUGHOUT HOME. SPACIOUS FLOOR PLAN WITH LARGE KITCHEN AND BREAKFAST BAR. LOCATED ON OVER-SIZED CORNER LOT WITH RV GATE AND LARGE BACKYARD. PLENTY OF PARKING AND NO HOA!! ENERGY EFFICIENT WITH BLOCK CONSTRUCTION, NEWER HEAT-PUMP AND ROOF. THIS PROPERTY HAS MANY HIGHLY-DESIRABLE FEATURES AND WILL NOT LAST!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Sweetwater Estates

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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

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

$314,952$384,942$349,947

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,216
Property Tax -$187
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$57

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.

$349,947

PROJECTED PRICE

$1,510

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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$14k

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$98,486

INVESTMENT

$98,486

Down Payment
$87,487
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,487
Loan Amount $262,460
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,746

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
  • $1,554

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,6004$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 6102 W Surrey Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5651 W Crocus Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1979
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 5843 W Crocus Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 5514 W Joan De Arc Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1984
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.83
    •  
  • 5619 W Crocus Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mike Cave
Arizona Premier Realty Homes & Land, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210076
Last Updated: 03/20/2021
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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