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6519 W Adobe Drive Glendale, AZ 85308

4 Beds 2 Baths 1,968 sqft Built 1997

$395,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $200.71
  • 5 Days on Market
  • MLS # : 6154280
  • Updated Date : 11/01/2020 at 12:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Swallows & Associates Realty

Listing Agent's Description

Imagine having the privacy a Cul De Sac Lot offers and siding to a lush greenbelt. This lovely 4 bedrm home can give you that & so much more. There is mature landscaping spreading shade over the back & side yards, a sparkling pool to enjoy & a covered patio for your enjoyment. Interior is light & bright w/solid bamboo wood flooring, a formal living/dining rm + an upgraded center island kitchen w/granite counters, stone accents & French doors to side yard-perfect for that morning coffee. And best of all the kitchen is open to the family room so there is room for all. Owners suite has dual vanities/walk-n closet, tiled shower/exit to patio.Energy efficient with a 3 yr old A/C & energy saving solar. Close to shopping/Dining/Entertainment, even Starbucks is near by.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Highlands at Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k364k

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

Neighborhood: The Highlands at Arrowhead Ranch

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
Highland Lakes School Primary Regular 1,082 66 9
Highland Lakes School Middle Regular 1,082 66 9
Deer Valley High School High Regular 1,854 95 5

Highland Lakes School

  • Education Level: Primary
  • # of students: 1,082
  • # of teachers: 66
9
GreatSchools Rating

Highland Lakes School

  • Education Level: Middle
  • # of students: 1,082
  • # of teachers: 66
9
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,457
Property Tax -$294
Property Insurance -$66
HOA -$22
Property Management Fees -$99
CASH FLOW
-$138

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.

$395,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,919

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6519 W Adobe Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 6378 W Matilda Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1998
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 6417 W Matilda Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1998
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 6586 W Oraibi Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 20253 N 63rd Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1998
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carolyn R Swallows
Swallows & Associates Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154280
Last Updated: 11/01/2020
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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