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6252 N 90th Drive Glendale, AZ 85305

3 Beds 2 Baths 1,382 sqft Built 1992

$300,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $217.08
  • 3 Days on Market
  • MLS # : 6165407
  • Updated Date : 11/27/2020 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,382 sqft
  • Baths : 2 full
Listing Agent

Traw Realty

Listing Agent's Description

Put this home at the top of your list to see! The home offers you 3 bedrooms, 2 baths, spacious family room, eat in kitchen w/bay window, gas stove, tiled floors through out and vaulted ceilings. Outside you can enjoy the extended covered patio, diving pool, low maintenance back yard, corner lot and 2 RV gates with parking. The home is located in a golf course community with a view of the Cardinals Stadium right outside your back door. Also close to schools, shopping, Westgate Entertainment Center, freeways, bike & walking paths, NO HOA and home is move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Buena Vida

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: La Buena Vida

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8991567

* 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
Desert Mirage Elementary School Primary Regular 642 30 5
Desert Mirage Elementary School Middle Regular 642 30 5
Copper Canyon High School High Regular 2,251 82 1

Desert Mirage Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Desert Mirage Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,107
Property Tax -$240
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$210

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.

$300,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,846

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
  • $1,227

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,3504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 6252 N 90th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6818 N 81st Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,229 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,229 Sqft ∙ Built 2005
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 8779 W Cavalier Drive N Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1991
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 8791 W Cavalier Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1992
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 8140 W Mclellan Road Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1987
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carolyn Sue Biciolis
Traw Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165407
Last Updated: 11/27/2020
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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