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6353 W Irma Lane Glendale, AZ 85308

3 Beds 2 Baths 1,688 sqft Built 1994

$415,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $245.85
  • 3 Days on Market
  • MLS # : 6206048
  • Updated Date : 03/12/2021 at 20:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Get Ready To Move! Perfectly set on a Golf Course lot, enjoy all this single level house has to offer in the highly coveted Arrowhead Ranch. Enter into formal Living & Dining Area , vaulted ceilings and wood-like Laminate flooring in living room and bedrooms. Spacious Master suite includes a relaxing Jacuzzi tub , and separate custom tile shower, dual sinks, granite counter-tops and large walk-in closet. A inviting breakfast area with added bay window flows into the kitchen and family room. Step outside and take a dip in your refreshing pebble-tech pool w/water feature that allows you fairway views . Shoot some hoops on your basket ball hoop in the front. Make this your home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

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

Neighborhood: Arrowhead Ranch

ZipNIR 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,441
Property Tax -$295
Property Insurance -$60
HOA -$17
Property Management Fees -$99
CASH FLOW
-$343

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.

$415,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,5753$1,7254$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 6353 W Irma Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.93
    •  
  • 6405 W Wahalla Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1997
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 6887 W Rose Garden Lane Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1996
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 6167 W Irma Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 6068 W Irma Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1994
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sheila Hanna
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206048
Last Updated: 03/12/2021
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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