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6219 W Pontiac Drive Glendale, AZ 85308

3 Beds 2 Baths 1,528 sqft Built 1995

$369,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $242.08
  • 2 Days on Market
  • MLS # : 6193680
  • Updated Date : 02/13/2021 at 23:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome home to this beautiful gem with your very own private pool in the desirable neighborhood of Arrowhead Ranch! Upon entering you will love the open great room plan with tile flooring in the entryway. The kitchen features stainless steel appliances with a brand new dishwasher, updated pendant lighting and a darling breakfast nook. The master bed/bath suite is the perfect retreat with a luxurious soaking tub, separate shower and spacious walk in closet. There are even upgraded cabinets in the garage for extra storage space. This location is prime conveniently located close to the 101 Freeway, top-rated schools and the best shopping/dining that Arrowhead Ranch has to offer. Make sure to stop by today because this one won't last!

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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

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

Hillcrest Middle School

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

$332,910$406,890$369,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,285
Property Tax -$263
Property Insurance -$57
HOA -$13
Property Management Fees -$99
CASH FLOW
-$167

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.

$369,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,555

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5754$1,7255$1,850
$1,850
RENT COMPS ANALYSIS
  • 6219 W Pontiac Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 19009 N 67th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 6405 W Wahalla Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1997
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 6232 W Oraibi Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1997
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.07
    •  
  • 6378 W Matilda Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1998
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
PROPERTY LISTING DETAILS
Elizabeth Mcdermott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193680
Last Updated: 02/13/2021
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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