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7410 W Piute Avenue Glendale, AZ 85308

4 Beds 3 Baths 3,210 sqft Built 1987

$599,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $186.88
  • 4 Days on Market
  • MLS # : 6205471
  • Updated Date : 03/11/2021 at 10:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,210 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Living Property For You

Listing Agent's Description

Location, Location , Beautiful 4 bedroom 2.5 bathroom very well maintained house , 3,210sq nice floor plan ,House been update ,the roof is 7 years old one of the AC second floor in newer , floor and paint been update 2012 ,open kitchen with stainless steel appliances ,with granite countertop . Electricity and lighting have been updated in 2012 , Huge master bedroom with fireplace, big bedrooms ,cozy family room with fireplace, large living room with high ceiling ,Charming backyard with beautiful pool and SPA nice artificial grass installed by professional company .nice covered patio ,Big 3 car garage with service door to the backyard Very nice neighborhood, Close to shopping mall and close to the highway .

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
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

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

Mountain Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,084
Property Tax -$427
Property Insurance -$90
HOA -$5
Property Management Fees -$99
CASH FLOW
-$164

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.

$599,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,811

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
  • $2,889

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,7954$2,8895$3,100
$3,100
RENT COMPS ANALYSIS
  • 7410 W Piute Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,210 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,210 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7021 W Kimberly Way Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 18723 N 77th Avenue Glendale, AZ 3
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.91
    •  
  • 7838 W Kerry Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,889
    • $0.94
    •  
  • 19012 N 78th Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 3,507 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,507 Sqft ∙ Built 1995
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sameerah Yousif
Real Living Property For You
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205471
Last Updated: 03/11/2021
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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