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6903 W San Juan Avenue Glendale, AZ 85303

6 Beds 3 Baths 2,637 sqft Built 1973

$315,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $119.45
  • 3 Days on Market
  • MLS # : 6173978
  • Updated Date : 12/26/2020 at 09:42
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,637 sqft
  • Baths : 3 full
Listing Agent

Urban House Realty

Listing Agent's Description

Tenant Occupied. Please ask listing agent for approval and viewing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Independence High School High Regular 2,011 89 3

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

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,162
Property Tax -$181
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
$339

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.

$315,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$62,224

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
  • $1,767

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,700
$1,700
RENT COMPS ANALYSIS
  • 6903 W San Juan Avenue Glendale, AZ 1
    • 6 beds 3 baths ∙ 2,637 Sqft ∙ Built 1973 6 beds 3 baths ∙ 2,637 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5102 N 61 Avenue Glendale, AZ 2
    • 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1959 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1959
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
PROPERTY LISTING DETAILS
Edmond Bardwell
Urban House Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173978
Last Updated: 12/26/2020
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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