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6551 W Cochise Drive Glendale, AZ 85302

2 Beds 2 Baths 1,159 sqft Built 1985

$240,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $207.08
  • 2 Days on Market
  • MLS # : 6171730
  • Updated Date : 12/18/2020 at 22:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,159 sqft
  • Baths : 2 full
Listing Agent

Desert Dream Realty

Listing Agent's Description

Beautiful updated home with spacious feel in small Chaparral Ranch gated community in northern Glendale. Enter through the large front courtyard to soaring ceilings in great room/dining room open to spacious eat-in kitchen w/lots of granite counter tops, stainless steel appliances, electric range, built-in microwave, dishwasher, lots of cabinets. Dining room. Master suite has exit to covered patio, in suite bath w/large shower, walk-in closet. Split guest room and guest bath round out this lovely two bedroom, two bath home. All new windows in 2020. Extra patio area in EZ care back yard with synthetic grass. Desert landscaped front yard so no grass to mow or water. Two-car garage. Must see this lovely Home!! It won't be on the market long!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chaparral Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Chaparral Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7191567

* 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
Sahuaro Ranch Elementary School Primary Regular 597 32 5
Sahuaro Ranch Elementary School Middle Regular 597 32 5
Ironwood High School High Regular 1,987 89 6

Sahuaro Ranch Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
5
GreatSchools Rating

Sahuaro Ranch Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
5
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$886
Property Tax -$128
Property Insurance -$50
HOA -$60
Property Management Fees -$99
CASH FLOW
-$113

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.

$240,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,151

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
  • $1,026

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9503$1,1004$1,1005$1,150
$1,150
RENT COMPS ANALYSIS
  • 6551 W Cochise Drive Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,159 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,159 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6006 W Townley Avenue Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.93
    •  
  • 6625 W Mission Lane Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 6602 W Mission Lane Glendale, AZ 4
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1973
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.76
    •  
  • 9439 N 59th Avenue #243 Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tammy Seymour
Desert Dream Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171730
Last Updated: 12/18/2020
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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