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6249 W Louise Drive Glendale, AZ 85310

5 Beds 4 Baths 3,787 sqft Built 1995

INVESTimate

$749,000

List Price

$3,380

$3,130 - $3,630

Rent Est.

$784,802  ( +4.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $197.78
  • 5 Days on Market
  • MLS # : 6120243
  • Updated Date : 08/25/2020 at 12:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,787 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WOW! It's nearly impossible to find this combination of attributes in a home: Over 200' of waterfront w/large side and back yards, Mountain Views, Massive end of the Cul de Sac lot (nearly 17,000 SQFT),3.5 car garage (.5 car garage has been converted into a home office/gym and has it's own split system A/C unit for individualized cooling), RV GATE,PREPAID solar that is paid through December of 2033 and produces 5.75KW/h of solar (easy transfer), home features many upgrades including: Real wood floors at 1st floor, REAL wood doors on 1st level, Stainless steel appliances, large island kitchen, high end knotty alder cabinetry, massive upstairs game room, TWO master suites (one upstairs and one downstairs), New pool heater and sand filter installed in 2020. LOW HOA dues. Unique Opportunity

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
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,763
Property Tax -$533
Property Insurance -$101
HOA -$52
Property Management Fees -$99
CASH FLOW
-$169

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.

$749,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.78%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$35,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,737

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,8004$4,000
$4,000
RENT COMPS ANALYSIS
  • 6249 W Louise Drive Glendale, 1
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7577 W Trails Drive Glendale, 2
    • 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2012
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.82
    •  
  • 6523 W Via Montoya Drive Glendale, 3
    • 6 beds 3 baths ∙ 3,500 Sqft ∙ Built 1996 6 beds 3 baths ∙ 3,500 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.09
    •  
  • 5887 W Del Lago Circle Glendale, 4
    • 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 1995
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Michael Parker Sims
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120243
Last Updated: 08/25/2020
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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