Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7714 N 83rd Drive Glendale, AZ 85305

3 Beds 3 Baths 2,947 sqft Built 2005

$565,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $191.72
  • 3 Days on Market
  • MLS # : 6181406
  • Updated Date : 01/16/2021 at 19:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,947 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful curb appeal for this gorgeous 3 bed, 3 bath home with a 3 car garage, and RV gates. Enter to diagonally tiled floors. Formal dining room with built-in cabinetry. Formal living room has vaulted ceilings, and amazing wood floors. The stunning eat-in kitchen has a plethora of custom cabinets, beautiful granite counters, island with breakfast bar seating, glass front china cabinet, gas cooktop, electric cooktop, wall mount double ovens, and a walk-in pantry. Spacious family room. Interior laundry. LARGE bedrooms have wood floors & ceiling fans. The owner's suite has a full bath and walk-in closet. The HUGE backyard has a covered patio, extended patio, built-in BBQ with bar top, storage shed, & many citrus trees . Perfect for entertaining. Make this your new home!

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
Cotton Boll Elementary School Primary Regular 962 45 4
Cotton Boll Elementary School Middle Regular 962 45 4
Raymond S. Kellis High School High Regular 1,928 75 4

Cotton Boll Elementary School

  • Education Level: Primary
  • # of students: 962
  • # of teachers: 45
4
GreatSchools Rating

Cotton Boll Elementary School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 45
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,962
Property Tax -$302
Property Insurance -$85
HOA -$106
Property Management Fees -$99
CASH FLOW
-$444

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.

$565,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.37%

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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,899
1$1,8992$2,0953$2,1104$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 7714 N 83rd Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,947 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,947 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.72
    •  
  • 8789 W Hayward Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.61
    •  
  • 8851 W Augusta Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.69
    •  
  • 8796 W Augusta Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,138 Sqft ∙ Built 2005
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 8775 W Lane Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kyle Yockey
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181406
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy