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6322 W Mescal Street Glendale, AZ 85304

4 Beds 3 Baths 2,673 sqft Built 1985

$375,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $140.29
  • 4 Days on Market
  • MLS # : 6166223
  • Updated Date : 12/05/2020 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,673 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Your home sweet home is here! Impressive two-story property is now available for you in desirable Glendale! Providing great curb appeal, solar panels, RV gate, and 3 car garage. Double-door entrance leads to a fantastic interior complete with 4 bed, 2.5 bath, gorgeous wood-like tile, vaulted ceilings, plantation shutters, living/dining area, and wood-burning fireplace ideal for this winter. You will absolutely enjoy cooking in this spotless eat-in kitchen offering everything you need to become the best home chef; high-end appliances, back-splash, granite counter-tops, and more. Double-door master suite includes fireplace and luxurious full bath with dual sinks, separate tub, step-in shower, and walk-in closet. Large grassy backyard with covered patio is ideal for your gatherings. Call now

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Copperwood Elementary School Primary Regular 893 43 8
Copperwood Elementary School Middle Regular 893 43 8
Ironwood High School High Regular 1,987 89 6

Copperwood Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 43
8
GreatSchools Rating

Copperwood Elementary School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 43
8
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,384
Property Tax -$201
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
$7

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.

$375,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,7704$1,9505$2,345
$2,345
RENT COMPS ANALYSIS
  • 6322 W Mescal Street Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.66
    •  
  • 8806 N 67th Lane Peoria, AZ 1
    • 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.63
    •  
  • 11015 N 64th Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,673 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,673 Sqft ∙ Built 1985
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.60
    •  
  • 12349 N 71st Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1988
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 12521 N 57th Avenue Glendale, AZ 5
    • 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1999
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.86
    •  
PROPERTY LISTING DETAILS
Juan Ramirez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166223
Last Updated: 12/05/2020
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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