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6605 N 93rd Avenue #1086 # 1086 Glendale, AZ 85305

2 Beds 3 Baths 1,439 sqft Built 2007

INVESTimate

$228,900

List Price

$1,330

$1,197 - $1,463

Rent Est.

$244,877  ( +6.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $159.07
  • 6 Days on Market
  • MLS # : 6120949
  • Updated Date : 08/21/2020 at 16:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

*Beautiful 2 bedroom, 2.5 bath townhome w/2 car garage located in the fabulous Westgate location near State Farm Stadium in Glendale*This home features an open great room floorpan with 2 master suites*NEW carpet was just installed & was just painted inside*Granite counter tops & upgraded cabinetry in the kitchen along with stainless steel appliances*Inside laundry are which includes both washer & dryer*Enjoy all the amenities this gated complex has to offer including a heated pool/spa & gym*Make sure to see this one today!

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
 

$206,010$251,790$228,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$845
Property Tax -$183
Property Insurance -$55
HOA -$326
Property Management Fees -$99
CASH FLOW
-$178

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.

$228,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,409

INVESTMENT

$66,409

Down Payment
$57,225
Rehab Estimate
$5,750
Closing Costs
$3,434

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,225
Loan Amount $171,675
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,205

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,4253$1,4504$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 6605 N 93rd Avenue #1086 Glendale, 1
    • 2 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.92
    •  
  • 6745 N 93rd Avenue #1160 Glendale, 2
    • 2 beds 3 baths ∙ 1,713 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,713 Sqft ∙ Built 2008
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.83
    •  
  • 6605 N 93rd Avenue #1059 Glendale, 3
    • 2 beds 3 baths ∙ 1,713 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,713 Sqft ∙ Built 2007
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 6605 N 93rd Avenue #1021 Glendale, 4
    • 2 beds 3 baths ∙ 1,784 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,784 Sqft ∙ Built 2007
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.83
    •  
  • 6605 N 93rd Avenue #1006 Glendale, 5
    • 2 beds 3 baths ∙ 1,784 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,784 Sqft ∙ Built 2007
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Manuel R Lopez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120949
Last Updated: 08/21/2020
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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