Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7051 W Muriel Drive Glendale, AZ 85308

4 Beds 3 Baths 2,611 sqft Built 1997

$525,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $201.07
  • 2 Days on Market
  • MLS # : 6193887
  • Updated Date : 02/14/2021 at 01:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,611 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Exceptional Family split floor plan home 4 bedroom+den ,2.5bth - Large Lot, pool , putting green plus fenced grassy play area or perfect dog run. Home features Solar(see notes) Large 3 car garage w/workbench, cabinets, sink andpulldown stairs to attic with flooring for xtra storage. Showings Beautifully, 2 pantries, plus coat and additional linen closet. Eat-in Kitchen - features granite, white cabs with views to oversee the fenced pool area.RV gate can be added in this community and RV parking with HOA approval. You will not be disappointment -Park within walking distance + Biking Path, Shopping minutes to Hwy 101Open House Sat 13th & Sun 14th 11:45-4pm NO SHOWINGS TILL SATURDAY 11:45am

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coventry Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k479k

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

Neighborhood: Coventry Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522358

* 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
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

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

Mountain Ridge High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,824
Property Tax -$374
Property Insurance -$78
HOA -$3
Property Management Fees -$99
CASH FLOW
-$47

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.

$525,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$20k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$25,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,298

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0453$2,1004$2,1505$2,330
$2,330
RENT COMPS ANALYSIS
  • 7051 W Muriel Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $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
    •  
  • 16327 N 73rd Drive Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 7036 W Morrow Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Cynthia D Burbach
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193887
Last Updated: 02/14/2021
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.

BESbswy