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7226 W Ocotillo Road Glendale, AZ 85303

5 Beds 3 Baths 3,082 sqft Built 2005

$399,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $129.75
  • 5 Days on Market
  • MLS # : 6194774
  • Updated Date : 02/26/2021 at 18:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,082 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kenneth James Realty

Listing Agent's Description

This wonderfully cared for home features some beautiful updates to really bring out the true character of the home. With all new interior paint. It gives the home a fresh new look to compliment the all new tile floors throughout the home. The cathedral height ceilings give the property a beautiful open feel and allowing so much natural light to flow into the home. The house is a split floor plan with the master downstairs and four bedrooms upstairs to include a loft. Backyard is a wonderful entertainment space that includes and extended patio and firepit for all to enjoy.

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,389
Property Tax -$230
Property Insurance -$87
HOA -$87
Property Management Fees -$99
CASH FLOW
-$62

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.

$399,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.46%

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$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $2,435

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$2,3003$2,350
$2,350
RENT COMPS ANALYSIS
  • 7226 W Ocotillo Road Glendale, AZ 1
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.59
    •  
  • 7135 W Rancho Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,018 Sqft ∙ Built 2020
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 8541 W Myrtle Avenue Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2019
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Joshua Zuniga
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194774
Last Updated: 02/26/2021
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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