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6317 W Cavalier Drive Glendale, AZ 85301

3 Beds 2 Baths 1,708 sqft Built 1960

$325,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $190.28
  • 4 Days on Market
  • MLS # : 6211319
  • Updated Date : 03/24/2021 at 05:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Novus Realty Agency

Listing Agent's Description

BEAUTIFULLY and very spacious 3 bed, 2 bath Spacious backyard is comprised of a large covered patio Great location with easy access to the freeway and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Bicentennial South School Primary Regular 674 36 2
Glendale High School High Regular 1,719 75 4

Bicentennial South School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
2
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$1,129
Property Tax -$187
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$325

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.

$325,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,234

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,1503$1,1504$1,2505$1,399
$1,399
RENT COMPS ANALYSIS
  • 6317 W Cavalier Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.67
    •  
  • 6740 N 65th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1976
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.75
    •  
  • 5631 N 61st Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1959
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.71
    •  
  • 5361 N 61st Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 6124 W Oregon Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.73
    •  
PROPERTY LISTING DETAILS
Vianet Ivon Garcia Vazquez
Novus Realty Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211319
Last Updated: 03/24/2021
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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