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6328 W Banff Lane Glendale, AZ 85306

3 Beds 2 Baths 1,507 sqft Built 1978

$310,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $205.71
  • 2 Days on Market
  • MLS # : 6176152
  • Updated Date : 01/02/2021 at 19:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,507 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

What a fabulous home with sparkling pool!! Luminous interior with inviting living and dining areas perfect to entertain guests. Beautiful kitchen equipped with all matching black appliances, granite counters, pantry, track lighting, white cabinets, and tile back-splash. Marvelous master suite including large closet with mirrored sliding doors, en-suite bath, and lovely vanity. This master bedroom is surely a private space! Awesome pie-shaped backyard perfect for gatherings with its fenced pool, covered patio, and grass areas. Don't miss this opportunity, set up a showing before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Pioneer Elementary School Primary Regular 400 28 5
Pioneer Elementary School Middle Regular 400 28 5
Cactus High School High Regular 1,283 61 5

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Pioneer Elementary School

  • Education Level: Middle
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,144
Property Tax -$166
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$5

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.

$310,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$23,083

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,2953$1,3254$1,4505$1,460
$1,460
RENT COMPS ANALYSIS
  • 6328 W Banff Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.97
    •  
  • 15418 N 61st Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.93
    •  
  • 6213 W Acoma Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1978
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 5534 W Calavar Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 14466 N 58th Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jenene Wilkins
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176152
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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