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6404 W Sandra Terrace Glendale, AZ 85306

3 Beds 2 Baths 1,764 sqft Built 1984

$362,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $205.22
  • 2 Days on Market
  • MLS # : 6203160
  • Updated Date : 03/05/2021 at 23:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

No HOA!! This home is perfect for anyone looking for somewhere to come home, kick your shoes off and relax. Updated inside and out! All the major ticket items have been completed. New HVAC 2019 along with new duct work and extra insulation blown in, water heater replaced 2019, Inside and outside paint all done in the last two years. Updated bathrooms and kitchen including new SS Frigidaire microwave, dishwasher and oven/stove combo. The Large grassy backyard is the perfect canvas for your dream pool, kids playground, built in BBQ or all three! Separate entrance in 2nd bedroom has its own private patio! Close to major freeways, spring training and much more! More pictures coming soon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lexington Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Lexington Place

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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

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

Cactus High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$325,800$398,200$362,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,257
Property Tax -$194
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$112

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.

$362,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.7%
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-$4.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,680

INVESTMENT

$101,680

Down Payment
$90,500
Rehab Estimate
$5,750
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,500
Loan Amount $271,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,5003$1,6004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 6404 W Sandra Terrace Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 6807 W Sherri Jean Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 15231 N 66th Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1998
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 7129 W Kings Avenue Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 6051 W Carol Ann Way Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Codi Mccalla
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203160
Last Updated: 03/05/2021
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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