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7608 W John Cabot Road Glendale, AZ 85308

3 Beds 2 Baths 2,194 sqft Built 1978

$525,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $239.29
  • 3 Days on Market
  • MLS # : 6170961
  • Updated Date : 12/19/2020 at 13:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,194 sqft
  • Baths : 2 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Pride of ownership is obvious in this meticulously well-maintained home! Sprawling single-level home has gorgeous tile flooring throughout main living areas w/ wood flooring in the bedrooms. Massive Family rm w/ stone fireplace shows the true character of this great home. Kitchen w/ white cabinets,Wolf Range,Kitchen Aid Oven and Microwave in Wall & lots of natural light. Master offers walk-in closet, upgraded MB & private exit w/ patio to the back yard. . Fantastic curb appeal w/ lots of room to park in the long driveway & extended garage. RV's & toys welcome w/ your RV gate & plenty of space in the RV driveway. RV hook-up in back. Out back enjoy your private oversized lot w/ diving pool, extended covered patio and lush grass, New Gazebo area,Pool Pump and 2 New AC units.

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,937
Property Tax -$235
Property Insurance -$70
HOA -$1
Property Management Fees -$99
CASH FLOW
-$152

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.

$525,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$24,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0004$2,1505$2,190
$2,190
RENT COMPS ANALYSIS
  • 7608 W John Cabot Road Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,194 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,194 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.00
    •  
  • 7395 W Oraibi Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 7395 W Kerry Way Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1987
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 7014 W Mcrae Way Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 7036 W Morrow Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Joseph Taranto
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170961
Last Updated: 12/19/2020
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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