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6340 W Villa Linda Drive Glendale, AZ 85310

3 Beds 2 Baths 1,576 sqft Built 2000

$350,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $222.08
  • 4 Days on Market
  • MLS # : 6204687
  • Updated Date : 03/21/2021 at 02:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautifully maintained home in the community of Happy Valley Estates and easy access to the I-17, 101, & 303 freeways. Near by shopping. Bright open living space, vaulted ceilings, large granite kitchen island & SS appliances with beautifully stained cabinets and crown molding. Spacious master bedroom with bay window, walk-in closet and full bath make the perfect retreat. Office/Den with French doors that can be converted into a 3rd bedroom since it has a walk-in closet. Second bedroom has cozy sitting area. Backyard has pavers for garbage cans. Flagstone patio with large grass area that is great for entertaining. Garage has many built-in storage cabinets. Solar panels provide electrical savings. This home is turn key and move in ready.

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,216
Property Tax -$209
Property Insurance -$58
HOA -$20
Property Management Fees -$99
CASH FLOW
$29

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.

$350,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6503$1,7004$1,7505$1,825
$1,825
RENT COMPS ANALYSIS
  • 6340 W Villa Linda Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.03
    •  
  • 6626 W Tether Trail Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 6615 W Desert Hollow Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 25830 N 64th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 6515 W Saddlehorn Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.10
    •  
PROPERTY LISTING DETAILS
Carol Verdicchio
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204687
Last Updated: 03/21/2021
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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