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6524 W Saguaro Park Lane Glendale, AZ 85310

4 Beds 3 Baths 3,201 sqft Built 2014

$599,990

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $187.44
  • 2 Days on Market
  • MLS # : 6147534
  • Updated Date : 11/21/2020 at 23:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,201 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful spacious family home! You will be impressed with these room sizes! Upgraded kitchen with granite countertops, butlers pass into dining room and an oversized pantry for all your storage needs. Upstairs laundry. New wood tile planks in formal living and family rooms. There is plenty of space to play and unwind in the upstairs loft. Master suite has attached master retreat, luxurious bath with floating vanity & oversized walk in shower. 3 additional bedrooms upstairs with full sized hall bath. Entire home was just painted inside & out! Nest security cameras & thermostats, ring doorbell systems. Step into your backyard oasis including a newer pool with water slide and fountain feature, artificial turf and extended patio. Front facing windows with wood shutters, blackout window

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Mountain Ridge High School High Regular 2,206 94 7

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$539,991$659,989$599,990

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,214
Property Tax -$358
Property Insurance -$90
HOA -$99
Property Management Fees -$99
CASH FLOW
-$609

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$599,990

PROJECTED PRICE

$2,250

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,747

INVESTMENT

$164,747

Down Payment
$149,998
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,998
Loan Amount $449,993
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,489

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,2754$2,4005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6524 W Saguaro Park Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,201 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,201 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6334 W Briles Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 6018 W Park View Lane Glendale, AZ 3
    • 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
    •  
  • 23852 N 66th Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2000
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.81
    •  
  • 26154 N 67th Lane Peoria, AZ 5
    • 5 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Valerie Crowner
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147534
Last Updated: 11/21/2020
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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