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7608 W Villa Rita Drive Glendale, AZ 85308

4 Beds 4 Baths 3,345 sqft Built 1978

$625,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $186.85
  • 1 Days on Market
  • MLS # : 6176949
  • Updated Date : 01/31/2021 at 00:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,345 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Beautiful Custom Hacienda with separate Guest Casita set in the Heart of Hidden Manor, an enclave of Custom Homes built on nearly 1/2 acre lots. Main home has 3 Bedrooms, 2.5 baths with 3 living spaces! Guest casita built in 1998 with 1 bedroom, living space open to full kitchen, one bath & inside laundry. Heating and cooling systems have been updated, updated roof, fabulous pool and backyard landscape remodel 2010. Full covered patio/entertaining area overlooking lush backyard and pool plus outdoor BBQ is an Amazing Oasis for family and guest gatherings. Newer windows, side entry garage .... This fabulous neighborhood, close to EVERYTHING! TV on patio shall not convey.Square footage is a total of main and guest casita. (3345) Casita only is on a septic system, main house is city sew

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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
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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,171
Property Tax -$280
Property Insurance -$92
HOA -$1
Property Management Fees -$99
CASH FLOW
$47

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.

$625,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.43%

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$1.8M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$41,212

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
  • $2,927

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,7954$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 7608 W Villa Rita Drive Glendale, AZ 1
    • 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 1978 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7005 W Muriel Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 1997
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 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
    •  
  • 19501 N 67th Drive Glendale, AZ 4
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1992
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 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
Susan K Ramsey
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176949
Last Updated: 01/31/2021
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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