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6605 N 93rd Avenue #1037 Glendale, AZ 85305

3 Beds 3 Baths 1,863 sqft Built 2007

$351,800

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $188.84
  • 3 Days on Market
  • MLS # : 6177080
  • Updated Date : 01/16/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 3 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Turn up the volume on the video and see how much fun it is to live here at ''The 1037.'' Hand-scraped white oak flooring; quartz counters in the bathrooms; new carpeting; custom wrought iron railing; two of three bedrooms are en suite; all three bedrooms have walk-in closets. If that's not impressive enough, just look outside at your view of the stadium, mountains and sunsets. Inside and out, this is THE premier end unit at The Quarter at Westgate. Imagine hosting pre-game and post-game functions with friends and family within easy walking distance to football, hockey, concerts, movies, dining, outlet mall shopping. And you're minutes from three Spring Training stadiums for the Dodgers, White Sox, Brewers, Mariners and Padres. Prepare to entertain and be entertained at ''The 1037.''

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Desert Mirage Elementary School Primary Regular 642 30 5
Desert Mirage Elementary School Middle Regular 642 30 5
Copper Canyon High School High Regular 2,251 82 1

Desert Mirage Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Desert Mirage Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$316,620$386,980$351,800

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,222
Property Tax -$281
Property Insurance -$64
HOA -$326
Property Management Fees -$99
CASH FLOW
-$352

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.

$351,800

PROJECTED PRICE

$1,640

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$98,977

INVESTMENT

$98,977

Down Payment
$87,950
Rehab Estimate
$5,750
Closing Costs
$5,277

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,222

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,950
Loan Amount $263,850
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,5003$1,5954$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 6605 N 93rd Avenue #1037 Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.88
    •  
  • 8950 W Ocotillo Road Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.82
    •  
  • 6745 N 93rd Avenue #1137 Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 6512 N 85th Avenue Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 6120 N 86th Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Darrell Doepke
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177080
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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