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7835 W Kerry Lane Glendale, AZ 85308

4 Beds 4 Baths 2,478 sqft Built 1996

$574,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $232.00
  • 4 Days on Market
  • MLS # : 6154454
  • Updated Date : 10/31/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous Newly upgraded spacious home on large lot! New flooring, Kitchen cabinets and counters, Bathrooms. PLAY POOL!!! Walk-in pantry, 4 bedrooms & 4 bathrooms! Built in BBQ, RV Gate, Shed, 3 Car Garage, Covered front porch & patio!Close to Arrowhead Mall, Loop 101, Peoria Sports Complex, schools, Parks, and more!

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
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
 

$517,410$632,390$574,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,121
Property Tax -$409
Property Insurance -$75
HOA -$12
Property Management Fees -$99
CASH FLOW
-$547

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.

$574,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,724

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
  • $2,162

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0004$2,0505$2,350
$2,350
RENT COMPS ANALYSIS
  • 7835 W Kerry Lane Glendale, AZ 1
    • 4 beds 4 baths ∙ 2,478 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,478 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7395 W Oraibi Drive Glendale, AZ 2
    • 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
    •  
  • 7408 W Kerry Way Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1986
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 19929 N 77th Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
  • 20490 N 80th Avenue Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Anca Muresan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154454
Last Updated: 10/31/2020
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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