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6518 N 79th Lane Glendale, AZ 85303

3 Beds 2 Baths 1,982 sqft Built 2015

$349,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $176.34
  • 4 Days on Market
  • MLS # : 6159597
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,982 sqft
  • Baths : 2 full
Listing Agent

Bliss Realty & Investments

Listing Agent's Description

Beautiful home updated four SOLAR skylights in Kitchen, hallway bath and master closet. 3BR/2BA/3 Car Garage, home that offers fun, modern touches in a large, inviting space. The kitchen boasts matching stainless steel appliances, granite counters, spacious island with a breakfast bar and dark, updated cabinets. The master bedroom offers an a dual vanity, double walk-in shower, and HUGE walk-in closet, Tile floor throughout living room and carpet in all rooms. The large backyard just recently upgraded, no hassle for yard work, sit back and relax and spending time with friends and family. Close access to the 101 and walking distance to multiple schools, this home is near the Westgate Entertainment District and other shopping and dining. This one is a can't miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

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
Discovery School Primary Regular 746 36 4
Discovery School Middle Regular 746 36 4
Independence High School High Regular 2,011 89 3

Discovery School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 36
4
GreatSchools Rating

Discovery School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 36
4
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,290
Property Tax -$201
Property Insurance -$66
HOA -$25
Property Management Fees -$99
CASH FLOW
-$250

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.

$349,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4303$1,6254$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6518 N 79th Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.72
    •  
  • 7552 W Nicolet Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2003
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.73
    •  
  • 8008 W Stella Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.75
    •  
  • 6765 N 75th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 7804 W Marlette Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
PROPERTY LISTING DETAILS
Vicky Wang
Bliss Realty & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159597
Last Updated: 11/13/2020
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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