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6214 W Rose Garden Lane Glendale, AZ 85308

3 Beds 2 Baths 2,108 sqft Built 1994

$440,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $208.73
  • 4 Days on Market
  • MLS # : 6154719
  • Updated Date : 11/06/2020 at 14:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,108 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Opportunity awaits! Now you have your chance to live on the lake in Arrowhead Ranch. An open concept floor plan with vaulted ceilings. A blank palette at an attractive price. Add your own touches to your new dream home. So much opportunity both inside and out. Possibly add an oversized pool, guest house, or the ultimate outdoor pergola. Arrowhead Ranch is the perfect location for those that are looking for exceptional freeway access and a clean safe neighborhood. Book your appointment today as single level homes with 3 car garages like this go fast in this market.

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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,623
Property Tax -$322
Property Insurance -$68
HOA -$17
Property Management Fees -$99
CASH FLOW
-$60

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.

$440,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.47%

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-$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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,070
1$2,0702$2,0953$2,0954$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6214 W Rose Garden Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.98
    •  
  • 21405 N 67th Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1997
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 6652 W Rose Garden Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 20722 N 60th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1995
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 20253 N 63rd Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Gordon Hageman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154719
Last Updated: 11/06/2020
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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