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7101 W Beardsley Road #1201 Glendale, AZ 85308

3 Beds 2 Baths 1,432 sqft Built 1999

$280,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $195.53
  • 2 Days on Market
  • MLS # : 6169159
  • Updated Date : 12/12/2020 at 19:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,432 sqft
  • Baths : 1 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Fabulous lake front condo with updates throughout! Privately situated end unit offers split floor plan with open kitchen concept & views! Master suite includes large walk in shower, dual sinks in private bathroom and slider to access back patio. Home features two additional large bedrooms with full bathroom. Large covered patio with room for outdoor entertaining in back. Great custom walk up storage area is located inside the two car garage. Very safe, charming, and centrally located Arrowhead community with clubhouse, golf views, pool and gated entry- do not miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

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

Neighborhood: Arrowhead Ranch

ZipNIR 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
Arrowhead Elementary School Primary Regular 584 32 8
Arrowhead Elementary School Middle Regular 584 32 8
Mountain Ridge High School High Regular 2,206 94 7

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Mountain Ridge High School

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

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

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,033
Property Tax -$199
Property Insurance -$55
HOA -$220
Property Management Fees -$99
CASH FLOW
-$246

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

$1,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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 65% 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

1.17

YEARS SAVED

$1,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4753$1,4754$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 7101 W Beardsley Road #1201 Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.95
    •  
  • 7396 W Tonopah Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1999
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.97
    •  
  • 7401 W Arrowhead Clubhouse Drive #2030 Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.97
    •  
  • 19324 N 75th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1990
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 7203 W Kimberly Way Glendale, AZ 5
    • 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
PROPERTY LISTING DETAILS
Alexandria Clark
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169159
Last Updated: 12/12/2020
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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