Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6420 W Villa Linda Drive Glendale, AZ 85310

3 Beds 2 Baths 1,532 sqft Built 2001

$335,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $218.67
  • 4 Days on Market
  • MLS # : 6186685
  • Updated Date : 01/30/2021 at 05:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Check out this Happy Valley Estates gem! Split floor plan, vaulted ceilings, and all of the finishes you are looking for. The master suite features a separate tub and shower, dual vanities, and a large walk-in closet. You'll love the mountain views in the backyard as you sit beneath the gazebo. You have space to work from home in the office nook or enjoy a meal at the island in your spacious kitchen. Looking for energy efficiency? This home comes with owned solar. Do not miss it, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Happy Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Happy Valley Estates

NeighborhoodNIR 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,164
Property Tax -$200
Property Insurance -$57
HOA -$20
Property Management Fees -$99
CASH FLOW
-$19

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.

$335,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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-$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6003$1,6504$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 6420 W Villa Linda Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.99
    •  
  • 6010 W Park View Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 6626 W Tether Trail Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2001
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 6515 W Saddlehorn Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 6615 W Desert Hollow Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ryan L Hamilton
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186685
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.

BESbswy