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6790 W Sonnet Drive 
Glendale, AZ
85308
5 Beds 3 Baths 3,253 sqft
Built 1996
INVESTimate
$499,900
List Price
$138,224
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $153.67
- 2 Days on Market
- MLS # : 6122483
- Updated Date : 08/25/2020 at 17:05
CONSTRUCTION
- Beds : 5
- Floor Size : 3,253 sqft
- Baths : 3 full
Listing Agent
Marketplace One Realty
Listing Agent's Description
Welcome to this stunning 5bed/3bath Glendale home. Gorgeous curb appeal leads you in to the light and bright spacious interior featuring formal living and dining, 17'' tile flooring and soaring ceilings. Chef's kitchen is open to the the great room and boasts stainless steel appliances, granite counter tops, a breakfast bar and an abundance of cabinetry. Expansive master and dreamy en suite with wood look flooring, dual sinks, soaking tub and separate shower make it a perfect place to relax after a long day. Step out on to your covered patio and enjoy your own private oasis complete with a sparkling pool and grassy play area. You'll never want to leave. Superb location, close to school, shopping, restaurants, freeways and so much more. You really have to see this one to believe it.
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PRICE & RENT TRENDS
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cholla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$373 | |
| Property Insurance | -$91 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$499,900
PROJECTED PRICE
$2,430
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
5
YEARS SAVED
$30,097
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
-
$2,529
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
6790 W Sonnet Drive Glendale, 1
- 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6840 W Escuda Road Glendale, 2
- 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,295
- $0.69
-
6307 W Rose Garden Lane Glendale, 3
- 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1994
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,300
- $0.77
-
6914 W Escuda Drive Glendale, 4
- 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,450
- $0.82
-
7017 W Melinda Lane Glendale, 5
- 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,800
- $0.83
PROPERTY LISTING DETAILS
Marketplace One Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122483
Last Updated: 08/25/2020
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.
