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6107 W Louise Drive Glendale, AZ 85310

3 Beds 2 Baths 1,821 sqft Built 1991

$365,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $200.44
  • 3 Days on Market
  • MLS # : 6172936
  • Updated Date : 12/19/2020 at 11:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Rhp Real Estate

Listing Agent's Description

Don't miss out on this unique investment opportunity in this highly sought-after location in Arrowhead's ''Top of the Ranch'' community! Tenants already in place until 02/2023. Upgrades throughout this home include updated kitchen with granite countertops, ss appliances, remodeled bathrooms with high end vessel sinks and fixtures, beautifully redone fireplace and mantle, and a professionally landscaped backyard retreat. This popular floor plan features a formal living and dining room and kitchen overlooking the family room and a large master bedroom suite. The spacious 3 car garage provides ample storage. Solar lease on the property. Walking distance to lake. Schedule a viewing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

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

Neighborhood: Arrowhead Ranch

ZipNIR 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
Legend Springs Elementary School Primary Regular 647 36 9
Legend Springs Elementary School Middle Regular 647 36 9
Mountain Ridge High School High Regular 2,206 94 7

Legend Springs Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Legend Springs Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Mountain Ridge High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,347
Property Tax -$260
Property Insurance -$63
HOA -$17
Property Management Fees -$99
CASH FLOW
$245

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.

$365,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$51,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9003$1,9954$2,0305$2,250
$2,250
RENT COMPS ANALYSIS
  • 6107 W Louise Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.11
    •  
  • 5905 W Blackhawk Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1992
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 6167 W Irma Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 6068 W Irma Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1994
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
  • 5965 W Blue Sky Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ruby Arias
Rhp Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172936
Last Updated: 12/19/2020
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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