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6629 W Rose Garden Lane Glendale, AZ 85308

4 Beds 3 Baths 2,350 sqft Built 1997

$425,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $180.85
  • 3 Days on Market
  • MLS # : 6184608
  • Updated Date : 01/22/2021 at 20:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,350 sqft
  • Baths : 2 full , 1 half
Listing Agent

Flat List Re

Listing Agent's Description

This gorgeous, updated Arrowhead home sits on a large lot & boasts stunning views.Walk into a spacious living area complete with stunning wood-tile flooring, lots of light and an open-concept, perfect for entertaining. Kitchen is updated with white shaker cabinets, ss appliances & plenty of counter space.Relax in the family room by the gas fireplace on a chilly evening. The first-floor master boasts a dd entry, high ceilings, & updated en suite. Walk-in-closet, updated shower with seamless glass, soaking tub and updated double vanity in the master bath. Spacious backyard with patio, large grass area, playset & built-in sandbox. The backyard contains a spacious, gated, dog area. Located in a prime area, close to excellent schools & the 101. Fresh interior paint (2020) and new AC (2018).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Bicentennial North School Primary Regular 831 36 3
Bicentennial North School Middle Regular 831 36 3
Glendale High School High Regular 1,719 75 4

Bicentennial North School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 36
3
GreatSchools Rating

Bicentennial North School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 36
3
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,476
Property Tax -$244
Property Insurance -$73
HOA -$17
Property Management Fees -$99
CASH FLOW
-$289

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.

$425,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,127

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,9953$2,0004$2,0955$2,400
$2,400
RENT COMPS ANALYSIS
  • 6629 W Rose Garden Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.69
    •  
  • 6803 W Rose Garden Lane Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 21310 N 64th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1995
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 6874 W Blackhawk Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1998
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 6981 W Melinda Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Stacie C Whitfield
Flat List Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184608
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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