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6258 W Blackhawk Drive Glendale, AZ 85308

3 Beds 2 Baths 1,653 sqft Built 1995

$390,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $235.93
  • 2 Days on Market
  • MLS # : 6211807
  • Updated Date : 03/27/2021 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

Beautiful home, move in ready on the golf course. Large entertaining area in the open backyard. Just finished a beautiful update! New Carpet and Pad, Interior Paint, New Quartz Counter tops, New Dishwasher, New Sink and hardware. Washer/Dryer/Fridge all stay, even the freezer in the garage! Come and see before its gone! Sits on the number 11 Pro Tee Box! (That means no balls in your yard!)Showings start 3/26/2021. Friday, and additional photos will be added.Please do not put response times before 7PM on Monday 3/29/2021.

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,355
Property Tax -$278
Property Insurance -$59
HOA -$17
Property Management Fees -$99
CASH FLOW
-$318

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.

$390,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.38%

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-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5753$1,6504$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 6258 W Blackhawk Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.90
    •  
  • 6405 W Wahalla Lane Glendale, AZ 2
    • 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
    •  
  • 5905 W Blackhawk Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1992
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 6904 W Pontiac Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1997
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 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
Gary W Ellars
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211807
Last Updated: 03/27/2021
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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