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6321 W Villa Linda Drive Glendale, AZ 85310

5 Beds 3 Baths 2,505 sqft Built 2001

INVESTimate

$390,000

List Price

$1,980

$1,782 - $2,178

Rent Est.

$414,258  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $155.69
  • 8 Days on Market
  • MLS # : 6118874
  • Updated Date : 08/25/2020 at 16:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,505 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Absolutely Stunning 5 Bedroom, 2.5 Bath, Remodeled Two Story Home Located on Premium Mountainside Lot, Formal Living & Dining Room, Remodeled Kitchen w/New Cabinets & Countertops, Breakfast Bar and Eat-In Kitchen Dining, Family Room w/Views of the Mountain, One Bedroom/Den Downstairs, Upstairs: Master Bedroom w/Walk-In Closet, Master Bathroom w/Dual Sinks & Separate Tub & Shower, 3 More Bedrooms & Hall Bathroom, New Paint & New Flooring Throughout, Covered Backyard Patio w/Back View Fence, Located in Quiet Cul-De-Sac, 3 Car Garage w/Built-In Cabinets, Come Check It Out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Happy Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Happy Valley Estates

NeighborhoodNIR 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Mountain Ridge High School High Regular 2,206 94 7

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Mountain Ridge High School

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

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

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,439
Property Tax -$232
Property Insurance -$76
HOA -$59
Property Management Fees -$99
CASH FLOW
$75

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

$1,980

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.22%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$33,811

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
  • $2,129

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 6321 W Villa Linda Drive Glendale, 1
    • 5 beds 3 baths ∙ 2,505 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,505 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6326 W Buckskin Trail Phoenix, 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 25826 N 68th Avenue Peoria, 3
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 23829 N 58th Drive Glendale, 4
    • 4 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 6349 W Prickly Pear Trail Phoenix, 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1998
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118874
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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