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6957 W Villa Hermosa Drive Glendale, AZ 85310

4 Beds 3 Baths 2,366 sqft Built 1995

$529,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $223.58
  • 3 Days on Market
  • MLS # : 6205425
  • Updated Date : 03/12/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,366 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wow, your dream house is here! Gorgeous property has all the bells & whistles! It offers easy-to-care landscaping, 3 car garage, & RV parking. As you step inside you'll be greeted by a bright & spacious living/dining room; continue walking to a gleaming kitchen that opens to the huge family room. Vaulted ceilings, tons of natural light, & spacious rooms are features that can't be left unsaid. The kitchen includes high-end appliances, white cabinetry, granite counters, & island w/breakfast bar. The master retreat has wide windows allowing so much sunlight, access to back patio, and an immaculate ensuite with oversized dual sink, tub, shower, and walk-in closet. Beautiful backyard with lovely landscaping & blue pool is the perfect combination of fun & relaxation with areas to play & rest.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Patrick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k486k

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

Neighborhood: Patrick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9522206

* 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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

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

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$476,100$581,900$529,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,837
Property Tax -$377
Property Insurance -$73
HOA -$2
Property Management Fees -$99
CASH FLOW
-$248

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.

$529,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,331

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1403$2,2504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6957 W Villa Hermosa Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.90
    •  
  • 7124 W La Senda Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 22018 N 73rd Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 6981 W Melinda Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998
    property image
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 6521 W Chester Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2001
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jarrod Kinman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205425
Last Updated: 03/12/2021
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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