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6458 W Diana Avenue Glendale, AZ 85302

3 Beds 3 Baths 2,049 sqft Built 2006

$300,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.41
  • 4 Days on Market
  • MLS # : 6211779
  • Updated Date : 03/25/2021 at 02:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,049 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

IIn this sought out neighborhood Terrington Place is a fully redone townhouse. Two story 3 bedroom, 2.5 bathrooms, loft, great room, and living room. Easy maintenance front and backyard xeriscape design with a two-car garage including auto opener. HVAC unit was just replaced, new flooring throughout, granite countertops, fresh paint inside and out. Refrigerator stainless, double doors, washer and dryer all included. Community Pool is perfect for the upcoming summers. Interim tenant, tenant rights, covid document provided.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tarrington Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k338k

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

Neighborhood: Tarrington 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
Glendale High School High Regular 1,719 75 4

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,042
Property Tax -$172
Property Insurance -$67
HOA -$85
Property Management Fees -$99
CASH FLOW
$45

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.

$300,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$20,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,655

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5104$1,6955$1,850
$1,850
RENT COMPS ANALYSIS
  • 6458 W Diana Avenue Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,049 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,049 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.74
    •  
  • 8821 N 65th Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 8808 N 67th Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 6475 W Orchid Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
  • 8564 N 63rd Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Robert N. Carey
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211779
Last Updated: 03/25/2021
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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