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6123 W Louise Drive Glendale, AZ 85310

4 Beds 3 Baths 2,495 sqft Built 1991

$485,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $194.39
  • 3 Days on Market
  • MLS # : 6165290
  • Updated Date : 11/28/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,495 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Spacious single story home in The Overlook @ Arrowhead Ranch!! With quick access to 101, amazing golf, neighborhood water-way walking paths, mountain hiking, and Hurricane Harbor water park you'll never run out of things to keep your family connected or entertained! This 4 bedroom, 3 bathroom home is complimented with an open concept kitchen including a large island and beautifully appointed cabinetry! Vaulted ceilings in the common areas make this home feel grand. A 3 car garage with tons of storage for your vehicles and toys! Being justa few minutes from Midwestern University, Arrowhead Towne Center shopping and restaurants, this property is a perfect place to call home! Your new home in the charming Arrowhead Ranch awaits.

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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,789
Property Tax -$345
Property Insurance -$76
HOA -$17
Property Management Fees -$99
CASH FLOW
-$216

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.

$485,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.44%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1103$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6123 W Louise Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.85
    •  
  • 21310 N 64th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1995
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 21596 N 59th Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 21622 N 59th Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 6105 W Irma Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joseph Morales
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165290
Last Updated: 11/28/2020
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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