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6627 N 84th Drive Glendale, AZ 85305

5 Beds 3 Baths 2,343 sqft Built 1988

$327,700

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $139.86
  • 4 Days on Market
  • MLS # : 6158625
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,343 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Don't miss out on this incredible home in Glendale, minutes from Westgate entertainment district, home of the Arizona Cardinals and Phoenix Coyotes. Great curb appeal leads you into the light and bright interior featuring a dramatic entrance with soaring vaulted ceilings, wood look tile flooring and a spacious fluid floor plan. Well appointed kitchen with granite counter tops and an abundance of cabinet space. Lovely master boasts dual vanities, soaking tub and separate shower. Step out to your extended length covered patio and enjoy your own private oasis. Complete with fenced sparkling pool/spa and large grassy area. Perfect for pets and play. Schedule your private showing today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Plaza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8021567

* 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
 

$294,930$360,470$327,700

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,209
Property Tax -$262
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$13

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.

$327,700

PROJECTED PRICE

$1,630

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,591

INVESTMENT

$92,591

Down Payment
$81,925
Rehab Estimate
$5,750
Closing Costs
$4,916

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,925
Loan Amount $245,775
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6253$1,6304$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 6627 N 84th Drive Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.70
    •  
  • 7755 W Stella Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 8008 W Stella Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.75
    •  
  • 7804 W Marlette Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 8258 W Nicolet Avenue Glendale, AZ 5
    • 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
PROPERTY LISTING DETAILS
Lori Bowen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158625
Last Updated: 11/13/2020
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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