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6350 W Sunnyslope Lane Glendale, AZ 85302

3 Beds 2 Baths 1,578 sqft Built 1975

$300,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $190.11
  • 22 Days on Market
  • MLS # : 6137664
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

This home has been well maintained with newer fixtures, faucets, electrical upgrades New 200 Amp SES Main Panel, 125 Amp Sub Panel in Garage, with all work permitted and inspected by COG. York brand HVAC installed by George Brazil with a 12 year warranty which is still in effect, on top of newer architectural style asphalt roof approx. 7 years old . Close to GCC, Saguaro Ranch Park, and shopping., Vaulted Ceiling, Two well built framed 10'X12' Sheds, Block fencing all around, RV back yard parking on both side yards. House will be painted, New Gates will be installed. Average SRP Electric $139 a month.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro Park West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sahuaro Park West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7661567

* 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
Sahuaro Ranch Elementary School Primary Regular 597 32 5
Sahuaro Ranch Elementary School Middle Regular 597 32 5
Ironwood High School High Regular 1,987 89 6

Sahuaro Ranch Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
5
GreatSchools Rating

Sahuaro Ranch Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
5
GreatSchools Rating

Ironwood High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,107
Property Tax -$161
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$104

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.

$300,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,064

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
  • $1,444

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3854$1,4455$1,520
$1,520
RENT COMPS ANALYSIS
  • 6350 W Sunnyslope Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6733 W Palo Verde Avenue Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 6935 W Palo Verde Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.94
    •  
  • 6422 W Eva Street Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1977
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.94
    •  
  • 6428 W Sunnyslope Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.85
    •  
PROPERTY LISTING DETAILS
Patrick R Nicolello
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6137664
Last Updated: 11/13/2020
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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