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6412 N 84th Lane Glendale, AZ 85305

4 Beds 2 Baths 1,700 sqft Built 1998

$290,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $170.59
  • 2 Days on Market
  • MLS # : 6174652
  • Updated Date : 12/26/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in Glendale, only a short drive away from the Heroes Regional Park, and featuring desert landscaping, a 2 car garage, and RV gate, you just have to come see it for yourself! Inside you will find large dining and living areas with vaulted ceilings, gorgeous laminate flooring, bay windows, and neutral paint throughout. You'll love the charming kitchen, with its ample cabinetry, matching appliances, and island with an included breakfast bar. The grandiose master bedroom is ideal for couples, with its spacious closet, private exit, and full bath with double sinks, not to mention separate tub and shower. Also including a cozy backyard with a covered patio, you won't find a better home than this! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glendale Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k283k

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

Neighborhood: Glendale Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621608

* 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
Desert Mirage Elementary School Primary Regular 642 30 5
Desert Mirage Elementary School Middle Regular 642 30 5
Copper Canyon High School High Regular 2,251 82 1

Desert Mirage Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Desert Mirage Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,070
Property Tax -$232
Property Insurance -$60
HOA -$4
Property Management Fees -$99
CASH FLOW
$95

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.

$290,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$29,906

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
  • $1,445

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5004$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 6412 N 84th Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8791 W Cavalier Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1992
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 6745 N 93rd Avenue #1137 Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 6512 N 85th Avenue Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 6120 N 86th Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Brett Tanner
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174652
Last Updated: 12/26/2020
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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