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

6523 W Via Montoya Drive W Glendale, AZ 85310

6 Beds 3 Baths 3,350 sqft Built 1996

$725,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $216.42
  • 3 Days on Market
  • MLS # : 6199480
  • Updated Date : 02/26/2021 at 17:36
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,350 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Integra block construction with over $175,000 in Superior upgrades(marble, granite, nocce travertine in backyard including fantastic heated pebble tech Pool and Unique separate spa.Old world elegance and 21st century amenities. Gourmet kitchen with polished granite countertops and Viking commercial gas range w/hood. Huge master with sitting area and private balcony.Family room showcases travertine accented w/b fireplace.Lushly landscaped backyard with mature citrus, palm trees and shade providing Ficus trees. Currently established as a luxury vacation rental generating amazing income hosting many famous MLB players in the past. Home is rented until the end of September, great opportunity for investors.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

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

Neighborhood: Arrowhead Ranch

ZipNIR 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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,518
Property Tax -$516
Property Insurance -$92
HOA -$23
Property Management Fees -$99
CASH FLOW
-$829

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.

$725,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,379

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2753$2,4204$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 6523 W Via Montoya Drive W Glendale, AZ 3
    • 6 beds 3 baths ∙ 3,350 Sqft ∙ Built 1996 6 beds 3 baths ∙ 3,350 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.72
    •  
  • 7465 W Paraiso Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 1995
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.62
    •  
  • 6018 W Park View Lane Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.67
    •  
  • 6006 W Kerry Lane Glendale, AZ 4
    • 5 beds 4 baths ∙ 3,458 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,458 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 7017 W Melinda Lane Glendale, AZ 5
    • 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Yuerg Eichmann
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199480
Last Updated: 02/26/2021
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