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6203 W Kings Avenue Glendale, AZ 85306

4 Beds 2 Baths 1,826 sqft Built 1992

$360,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $197.15
  • 3 Days on Market
  • MLS # : 6206414
  • Updated Date : 03/13/2021 at 01:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

Beautiful 4 bedroom, 2 bath with 3 car garage plus RV gate and RV parking. Light bright interior features soaring vaulted ceilings, plush carpet and tile in all the right places. Kitchen is open to dining and boasts sleek black appliances, a plethora of cabinet space and a center island with breakfast bar. Lovely master bedroom with bay window and en suite with dual sinks, soaking tub and separate shower. Step out onto the extended back patio and enjoy the grassy back yard. Perfect for pets and play. Very convenient location, walkable to Glendale Market Square and easy access to schools, parks, the 101 and so much more. Don't miss this one!

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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

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

Cactus High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,250
Property Tax -$193
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$95

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.

$360,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$31,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,753

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7504$1,7505$1,840
$1,840
RENT COMPS ANALYSIS
  • 6203 W Kings Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 17421 N 63rd Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1988
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 5802 W Campo Bello Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 6051 W Carol Ann Way Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 6013 W Zoe Ella Way Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981
    property image
    LEASED 02/03/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mary Crow
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206414
Last Updated: 03/13/2021
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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