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7614 W Peck Drive Glendale, AZ 85303

5 Beds 4 Baths 3,294 sqft Built 2011

$419,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $127.47
  • 6 Days on Market
  • MLS # : 6153502
  • Updated Date : 10/29/2020 at 15:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,294 sqft
  • Baths : 3 full , 1 half
Listing Agent

Impresa Real Estate

Listing Agent's Description

Gracious Formality in this beautiful Beazer built home in the Tree Lined, GATED neighborhood of Tessera. With 5 Bedrooms AND a Den (possible 6th Bedroom) you have plenty of room for everyone. This upgraded kitchen includes: Granite Countertops, staggered cherry stained cabinets, stainless steel appliances, double door pantry, and a kitchen island with a breakfast bar. The white mission style staircase leads you to the open loft. Two of the bedrooms have a ''Jack-n-Jill'' shared bathroom The other bedrooms have walk in closets, ceiling fans and blinds. The master bedroom is spacious as is the master bathroom with its dual sinks, vanity seat, separate Garden tub/shower AND A Custom designer closet. The backyard is professional landscaped with pavers, grass, FRUIT TREES and an RV Gate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Discovery School Primary Regular 746 36 4
Discovery School Middle Regular 746 36 4
Independence High School High Regular 2,011 89 3

Discovery School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 36
4
GreatSchools Rating

Discovery School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 36
4
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,549
Property Tax -$241
Property Insurance -$91
HOA -$130
Property Management Fees -$99
CASH FLOW
-$91

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.

$419,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$20,471

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
  • $2,207

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,3004$2,350
$2,350
RENT COMPS ANALYSIS
  • 7614 W Peck Drive Glendale, AZ 1
    • 5 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7591 W Citrus Way Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 7634 W Berridge Lane Glendale, AZ 3
    • 6 beds 4 baths ∙ 3,294 Sqft ∙ Built 2013 6 beds 4 baths ∙ 3,294 Sqft ∙ Built 2013
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 8425 W Northview Avenue Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,628 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,628 Sqft ∙ Built 2005
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.65
    •  
PROPERTY LISTING DETAILS
Cynthia S Miranda
Impresa Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153502
Last Updated: 10/29/2020
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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