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6927 W Blackhawk Drive Glendale, AZ 85308

3 Beds 3 Baths 2,073 sqft Built 1997

$414,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $200.14
  • 5 Days on Market
  • MLS # : 6153741
  • Updated Date : 10/30/2020 at 01:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,073 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prestige Realty

Listing Agent's Description

PRIDE OF OWNERSHIP: THIS LOVELY HOME HAS BEEN WELL CARED FOR AND MAINTAINED BY THE SAME OWNERS FOR OVER 16 YEARS. SUPER CLEAN, IN THIS BEAUTIFUL ARROWHEAD COMMUNITY, WITH ABUNDANT GREEN AREAS, LAKES, LAGOONS, AND PARKS. N/S EXPOSURE. DRAMATIC ENTRANCE WITH 18 FT VAULTED CEILINGS, LOTS OF WINDOWS THROUGHOUT, BEAUTIFUL ROUNDED STAIRCASE, GRANITE COUNTERTOPS, COZY FIRE PLACE, FORMAL DINING AND LIVING ROOM, LAEGE BACKYARD WITH POOL, AND MORE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k366k

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

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Sierra Verde School Primary Regular 966 51 9
Sierra Verde School Middle Regular 966 51 9
Mountain Ridge High School High Regular 2,206 94 7

Sierra Verde School

  • Education Level: Primary
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Sierra Verde School

  • Education Level: Middle
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Mountain Ridge High School

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

$373,410$456,390$414,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,531
Property Tax -$309
Property Insurance -$68
HOA -$9
Property Management Fees -$99
CASH FLOW
-$226

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.

$414,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k

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$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7904$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 6927 W Blackhawk Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.86
    •  
  • 7175 W Irma Lane Glendale, AZ 1
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 6869 W Irma Lane Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1998
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 7224 W Blackhawk Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 7198 W Blackhawk Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
PROPERTY LISTING DETAILS
Daniel Robescu
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153741
Last Updated: 10/30/2020
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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