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6835 N 130th Drive Glendale, AZ 85307

4 Beds 3 Baths 2,689 sqft Built 2017

$390,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $145.04
  • 3 Days on Market
  • MLS # : 6185766
  • Updated Date : 01/29/2021 at 18:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous home.....An abundance of 42'' espresso cabinetry in the kitchen, rich granite counters + pantry, stainless appliances, gas stove & oversized island. Popular plank wood tile is complemented by a soft color palette. Spacious room sizes thru-out including upstairs loft ideal for a kids retreat. The master boasts an enormous walk-in plus a huge custom shower with dual heads & seamless glass. Perfectly situated in the community with no neighbors behind, this is a premium lot Plenty of space in the 3 car tandem garage so bring all the toys and tools. Loads of upgrades in this beauty... stone accents, surround sound inside & out, granite on all vanities, tile surrounds in all the baths, ceiling fans, led lighting, upgraded flooring and more. BUYER TO VERIFY ALL INFORMATION

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
Barbara B. Robey Elementary School Primary Regular 793 37 6
Millennium High School High Regular 2,205 94 4

Barbara B. Robey Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 37
6
GreatSchools Rating

Millennium High School

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

$351,000$429,000$390,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,355
Property Tax -$245
Property Insurance -$80
HOA -$98
Property Management Fees -$99
CASH FLOW
-$26

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.

$390,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.47%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,840
1$1,8402$1,8503$1,8754$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 6835 N 130th Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 13515 W Keim Drive Litchfield Park, AZ 1
    • 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 3
    • 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
    •  
  • 13442 W Rovey Avenue Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 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
Lisa M Mcdermed
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185766
Last Updated: 01/29/2021
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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