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7172 W Fleetwood Lane Glendale, AZ 85303

4 Beds 3 Baths 2,887 sqft Built 2007

INVESTimate

$350,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$378,875  ( +8.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $121.23
  • 5 Days on Market
  • MLS # : 6121499
  • Updated Date : 08/22/2020 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,887 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow, This large 4 bedroom 3 bath home is gorgeous and shows fantastic. Some features include formal living and dining rooms, breakfast nook with bay window, granite counters with breakfast bar, family room. den, loft, and upgraded tile and cabinetry throughout. The huge master bedroom features a private balcony, large master bath with separate bath and shower and walk-in closet. This home has an open, airy floor plan which makes the best use of the space. The owners have taken excellent care of this home and pride of ownership really shines through. The exterior features pristine, low maintenance landscaping. See this home today, it won't last long.

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
Challenger Middle School Primary Alternative 686 33 2
Challenger Middle School Middle Alternative 686 33 2
Independence High School High Regular 2,011 89 3

Challenger Middle School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 33
2
GreatSchools Rating

Challenger Middle School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 33
2
GreatSchools Rating

Independence High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,291
Property Tax -$201
Property Insurance -$83
HOA -$82
Property Management Fees -$99
CASH FLOW
-$17

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.

$350,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,086

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8993$1,9954$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 7172 W Fleetwood Lane Glendale, 1
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7579 W Citrus Way Glendale, 2
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2001
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.71
    •  
  • 7591 W Citrus Way Glendale, 3
    • 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 8606 W Helen Lane Glendale, 4
    • 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2004
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 7572 W Keim Drive Glendale, 5
    • 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2012
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Louis Migliore
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121499
Last Updated: 08/22/2020
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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