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6411 W Desert Cove Avenue Glendale, AZ 85304

2 Beds 2 Baths 1,245 sqft Built 1983

$239,500

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $192.37
  • 4 Days on Market
  • MLS # : 6186380
  • Updated Date : 01/30/2021 at 18:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,245 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fantastic location, great schools and close to parks, shopping and dining. Welcome to Westbury Manor, this established community has NO HOA. Charming 2 bed, 2 Bath home features vaulted ceilings in the living room and Master Bedroom. Kitchen includes all appliances. Spacious master bedroom has a walk-in closet. Laundry is conveniently inside the home. It is a rare opportunity to find a lovely home like this one, at this price! This is also a great investment, as rentals are rare in this area and demand high rents!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montara Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Montara Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

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

Ironwood High School

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

$215,550$263,450$239,500

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$832
Property Tax -$128
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
$69

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.

$239,500

PROJECTED PRICE

$1,180

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$832

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$21,236

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
  • $1,186

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9503$1,1004$1,1505$1,250
$1,250
RENT COMPS ANALYSIS
  • 6411 W Desert Cove Avenue Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,245 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,245 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6006 W Townley Avenue Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.93
    •  
  • 6625 W Mission Lane Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 9439 N 59th Avenue #243 Glendale, AZ 4
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.93
    •  
  • 6547 W Poinsettia Drive Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,215 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,215 Sqft ∙ Built 1982
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Andrew R Bloom
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186380
Last Updated: 01/30/2021
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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