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7165 W Glenn Drive Glendale, AZ 85303

4 Beds 3 Baths 2,302 sqft Built 2002

$349,999

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $152.04
  • 3 Days on Market
  • MLS # : 6209178
  • Updated Date : 03/19/2021 at 21:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,302 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Looking for a two story home with pristine pool?? You've found it! This 4 bed, 2.5 bath home offers a wonderful great room, a den that could easily be used as an office space or a formal living/dining room, and a fabulous loft with sliding doors that opens to a nice balcony. The beautiful kitchen comes with breakfast bar, walk-in pantry, gorgeous cabinets, track lighting, and all matching white appliances. Roomy master suite has a spacious closet with mirrored sliding doors and its own bath comprised of walk-in closet and a tub/shower combination. The backyard is perfect to entertain your guests under the covered patio, on the large grassy area or on the blue pool. This home won't last long on the market! Make an offer before it is gone!

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
Independence High School High Regular 2,011 89 3

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,216
Property Tax -$201
Property Insurance -$72
HOA -$54
Property Management Fees -$99
CASH FLOW
-$202

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.

$349,999

PROJECTED PRICE

$1,440

PROJECTED RENT

0.41%

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$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5503$1,5504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 7165 W Glenn Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.63
    •  
  • 7755 W Stella Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 6992 W Cactus Wren Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 6765 N 75th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1999
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 7804 W Marlette Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
PROPERTY LISTING DETAILS
Oscar Colato
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209178
Last Updated: 03/19/2021
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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