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7513 W Wagoner Road Glendale, AZ 85308

4 Beds 3 Baths 2,923 sqft Built 1973

$485,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $165.93
  • 3 Days on Market
  • MLS # : 6163256
  • Updated Date : 11/20/2020 at 22:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,923 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Custom home in the highly desirable Hidden Manor neighborhood! Featuring 4 generous sized bedrooms RARE 2.5 bathrooms a spacious den and custom, lush landscaping on nearly a 1/2 acre lot, you will surely fall in love. Walk to the back yard to see an enormous diving pool, built in BBQ, TIKI bar, fireplace. The HOA allows 5th wheels, Rv's, motorhomes and structures. This property has an RV gate with street access and a 40 foot paved slab for your toys, trailers, RV's and Motorhomes! Come check out this amazing home! All outlets and switches have been replaced, new carpet, fresh interior and exterior paint, new vanities, new stainless double ovens and much much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k482k

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

Neighborhood: Hidden Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522354

* 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
Arrowhead Elementary School Primary Regular 584 32 8
Arrowhead Elementary School Middle Regular 584 32 8
Mountain Ridge High School High Regular 2,206 94 7

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 32
8
GreatSchools Rating

Mountain Ridge High School

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

$436,500$533,500$485,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,789
Property Tax -$217
Property Insurance -$84
HOA -$1
Property Management Fees -$99
CASH FLOW
$240

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.

$485,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$61,410

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
  • $2,273

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,0954$2,1505$2,450
$2,450
RENT COMPS ANALYSIS
  • 7513 W Wagoner Road Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19315 N 77th Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 1990
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 19314 N 77th Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1989
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 7503 W Julie Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 6914 W Escuda Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1990
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Joshua Ryan Carpenter, Pllc
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163256
Last Updated: 11/20/2020
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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