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6525 W Behrend Drive Glendale, AZ 85308

3 Beds 2 Baths 1,619 sqft Built 1998

$359,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $222.30
  • 2 Days on Market
  • MLS # : 6155144
  • Updated Date : 11/02/2020 at 14:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Arrowhead Ranch Community! Great location! 3 bedroom + Den/office, 2 bath, Split floorplan. Open kitchen with SS appliances & tons of counter space to greatroom/dining area. Vaulted ceilings, Light and Bright, Nice size master w/ large walk-in closet, Master bath offers 2 sinks, Walk-in shower & Private toilet room. Bedrooms and Greatroom only with carpet , tile thru-out the rest of the home. Ceiling fans & Wood Blinds Thru-out, inside Laundry room, Lots of Storage, 2 car garage with storage, Newer hot water heater. EZ care landscaping with grass in the back, Large cover patio in back and front of home. Corner lot, North/South Exposure. Lots of privacy. Close to 101 freeway, tons of Shopping, restaurants and hospital. Home been well maintained and is ready for a new owner. Worth the loo

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,328
Property Tax -$268
Property Insurance -$59
HOA -$22
Property Management Fees -$99
CASH FLOW
-$226

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.

$359,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,655

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,5504$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 6525 W Behrend Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 7401 W Arrowhead Clubhouse Drive #2030 Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.97
    •  
  • 19009 N 67th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1986
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 6627 W Kristal Way Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1998
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 18801 N 67th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
PROPERTY LISTING DETAILS
Vincent F Zerilli
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155144
Last Updated: 11/02/2020
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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