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7069 W Glenn Drive Glendale, AZ 85303

3 Beds 2 Baths 1,729 sqft Built 2001

$280,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $161.94
  • 3 Days on Market
  • MLS # : 6165325
  • Updated Date : 11/28/2020 at 15:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,729 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Take a look at this picture perfect home nestled close to all the action! This home has an open floor plan with a large kitchen island. This home also has neutral tile flooring and wall colors throughout the main portion. This home features 3 bedrooms, the master bed has a walkin closet and a beautiful updated brand new bathroom w/ double sinks. There is also another living space or could be use as an office. ''Hurry,'' you don't want to miss this beauty located near the State Farm Stadium and the 101.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Desert Spirit School Primary Regular 916 45 2
Desert Spirit School Middle Regular 916 45 2
Glendale High School High Regular 1,719 75 4

Desert Spirit School

  • Education Level: Primary
  • # of students: 916
  • # of teachers: 45
2
GreatSchools Rating

Desert Spirit School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 45
2
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,033
Property Tax -$161
Property Insurance -$61
HOA -$55
Property Management Fees -$99
CASH FLOW
-$139

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.

$280,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,5004$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 7069 W Glenn Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.73
    •  
  • 6532 N 74th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1987
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 6752 W Northview Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 7441 W Fleetwood Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.81
    •  
  • 7114 W Ocotillo Road Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Leigha Lawrence
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165325
Last Updated: 11/28/2020
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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