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6809 W Robert E Lee Street Glendale, AZ 85308

3 Beds 3 Baths 2,408 sqft Built 1978

$625,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $259.55
  • 4 Days on Market
  • MLS # : 6149023
  • Updated Date : 11/05/2020 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,408 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Highly Desirable Arrowhead Horse Property with NO HOA... REMODELED and UPDATED Ranch style home with 3 LARGE bedrooms and 3 full bathrooms, a pool on a huge 19,023 SF lot!! Check out that kitchen, WOW! New Grey shaker cabinets, quartz countertops and highly updated engineered wood flooring throughout! Freshly painted inside and out this is a must see! Step outback and into your very own private oasis! Completed 800sqft workshop, easy to convert to a Guest House with electric, air conditioned and plumbing. RV gate, RV parking NO HOA, plus an additional 700 square foot room attached. Come by and check out this SHOW STOPPER!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Greenbrier Elementary School Primary Regular 387 25 7
Greenbrier Elementary School Middle Regular 387 25 7
Mountain Ridge High School High Regular 2,206 94 7

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Greenbrier Elementary School

  • Education Level: Middle
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,306
Property Tax -$445
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$774

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.

$625,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,294

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0453$2,1504$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 6809 W Robert E Lee Street Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 7014 W Mcrae Way Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 18702 N 67th Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.87
    •  
  • 18651 N 70th Avenue Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
  • 6911 W Saint John Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,601 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,601 Sqft ∙ Built 1997
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149023
Last Updated: 11/05/2020
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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