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6803 N 130th Drive Glendale, AZ 85307

5 Beds 3 Baths 2,485 sqft Built 2017

$385,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $154.93
  • 2 Days on Market
  • MLS # : 6168081
  • Updated Date : 12/04/2020 at 22:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,485 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This spacious 2 story home features 5 bedrooms, 3 full bathrooms, plus a loft, and tons of storage throughout! Picturesque windows provide plenty of natural light. Open kitchen includes granite counters, stainless steel appliances, and gas stove. Retreat to the beautiful master suite with the spa-like shower and huge walk-in closet. Gorgeous backyard boasts lush landscape, sparkling pebble tec play pool, and tranquil water feature. Easy freeway access! Nearby shopping, dining, and entertainment at Westgate, Tanger Outlets, and the Cardinals football stadium!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85307

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Zip Code: 85307

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8291567

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,420
Property Tax -$248
Property Insurance -$76
HOA -$94
Property Management Fees -$99
CASH FLOW
-$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,956

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
  • $1,833

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,8404$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 6803 N 130th Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6744 N 129th Lane Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2006
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 13515 W Keim Drive Litchfield Park, AZ 3
    • 5 beds 3 baths ∙ 2,603 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,603 Sqft ∙ Built 2002
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.71
    •  
  • 13425 W Keim Drive Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.72
    •  
  • 6054 N Florence Avenue Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
PROPERTY LISTING DETAILS
Krystal Thomas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168081
Last Updated: 12/04/2020
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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