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7584 W Firebird Drive Glendale, AZ 85308

4 Beds 4 Baths 3,395 sqft Built 2012

$700,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $206.19
  • 4 Days on Market
  • MLS # : 6151091
  • Updated Date : 12/12/2020 at 16:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,395 sqft
  • Baths : 3 full , 1 half
Listing Agent

Unique Legacy Realty

Listing Agent's Description

Upon entering this home, you are greeted with gorgeous tile flooring, soft earth tone paint palettes and an open floor concept! The island kitchen features dark wood cabinetry, granite counter tops, walking pantry, SS appliances, plant shelving, 2 wall ovens and a breakfast bar. The spacious bedrooms offer plenty of room for sleep, study and storage. The master bathroom showcases a garden style bathtub, dual sinks, separate shower and a large walking closet! The covered back patio overlooks the private pristine quartz pool with Tropical fruit trees and lush Green Turf in backyard! Don't wait on this property! Make your move and book your showing today

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
Sierra Verde School Primary Regular 966 51 9
Sierra Verde School Middle Regular 966 51 9
Mountain Ridge High School High Regular 2,206 94 7

Sierra Verde School

  • Education Level: Primary
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Sierra Verde School

  • Education Level: Middle
  • # of students: 966
  • # of teachers: 51
9
GreatSchools Rating

Mountain Ridge High School

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

$630,000$770,000$700,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,583
Property Tax -$582
Property Insurance -$93
HOA -$130
Property Management Fees -$99
CASH FLOW
-$567

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.

$700,000

PROJECTED PRICE

$2,920

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-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,665

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,349
1$2,3492$2,3983$2,8004$2,9205$2,950
$2,950
RENT COMPS ANALYSIS
  • 7584 W Firebird Drive Glendale, AZ 4
    • 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.86
    •  
  • 8611 W Alex Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
  • 6840 W Escuda Road Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1995
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,398
    • $0.72
    •  
  • 7017 W Melinda Lane Glendale, AZ 3
    • 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
  • 7577 W Trails Drive Glendale, AZ 5
    • 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,581 Sqft ∙ Built 2012
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
Alex Abraham
Unique Legacy Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151091
Last Updated: 12/12/2020
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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