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6413 N 84th Lane Glendale, AZ 85305

4 Beds 2 Baths 1,989 sqft Built 1998

$350,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $175.97
  • 8 Days on Market
  • MLS # : 6163842
  • Updated Date : 11/28/2020 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Kings And Associates Realty

Listing Agent's Description

Don't miss this beautiful 4 bedroom 2 bathroom home with wood laminate flooring, open floor plan. Vaulted Ceiltings. Pool and 3 car garage.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,291
Property Tax -$280
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$96

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.

$350,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.47%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,6454$1,6505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6413 N 84th Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 6512 N 85th Avenue Glendale, AZ 1
    • 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
    •  
  • 8164 W Mclellan Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1986
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
  • 6120 N 86th Drive Glendale, AZ 4
    • 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
    •  
  • 7226 N 84th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jana King
Kings And Associates Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163842
Last Updated: 11/28/2020
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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