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7439 W Via Montoya Drive Glendale, AZ 85310

3 Beds 3 Baths 2,337 sqft Built 1994

$450,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $192.55
  • 6 Days on Market
  • MLS # : 6198010
  • Updated Date : 02/26/2021 at 20:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This attractive home is located in the very desirable Hillcrest Ranch subdivision. Downstairs includes a living/dining room, large family room, expanded kitchen with breakfast bar and breakfast nook, and a full bath adjacent to a den/library that could be a 4th bedroom. The upstairs with loft area features two large bedrooms and a special Master Suite with comfortable sitting area, huge walk-in closet and luxurious bath with separate shower and jet tub. Two-car garage has built-in cabinets and painted floor. Beautifully landscaped rear yard with extended patio and separate fenced pool area for maximum enjoyment. This home exudes pride of ownership and is move-in ready in its present state. Existing furnishings and decor are available for purchase.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k367k

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

Neighborhood: Hillcrest Ranch

NeighborhoodNIR 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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

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

Hillcrest Middle School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,563
Property Tax -$335
Property Insurance -$73
HOA -$10
Property Management Fees -$99
CASH FLOW
-$41

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.

$450,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,173

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,1003$2,2004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 7439 W Via Montoya Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.87
    •  
  • 7806 W Salter Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 21443 N 78th Drive Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 2006
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 22018 N 73rd Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 6981 W Melinda Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carolyn M Bethel
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198010
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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