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7865 W Kristal Way Glendale, AZ 85308

4 Beds 3 Baths 3,507 sqft Built 1995

$569,900

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $162.50
  • 7 Days on Market
  • MLS # : 6197730
  • Updated Date : 02/25/2021 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,507 sqft
  • Baths : 3 full
Listing Agent

Keene Properties, Llc

Listing Agent's Description

Meticulously Maintained Spacious 4 Bed/3 Bath Home in Arrowhead Ranch! Grand Entry Way with a Soaring Ceiling. Formal Living Room/Game Room. Large Formal Dinning Room with Plank Wood Look Floor Tiles. Separate Den with French Doors. Eat-in Kitchen with Recessed Lighting, Stainless Steel Appliances, Island & Pop-out Window overlooking back yard. Same Wood Look Tile continues into Family Room with a Fireplace w/ Custom Mantle. Very Versatile Upstairs Loft. Grand Master Suite includes Dual Vanities, Separate Tub & Shower and a Walk-in Closet. Retreat Style Back Yard with a Fully Fenced Heated Pool & Spa! NEW Exterior Paint! 3 Car Garage. New Upstairs 19.5 SEER HVAC in 2019. New Pool Pump & Filter. New Water Heater. Convenient Location Right off the Loop 101!

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
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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,979
Property Tax -$406
Property Insurance -$96
HOA -$12
Property Management Fees -$99
CASH FLOW
$68

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.

$569,900

PROJECTED PRICE

$2,660

PROJECTED RENT

0.47%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$37,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,946

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6603$2,8004$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 7865 W Kristal Way Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,507 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,507 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.76
    •  
  • 7005 W Muriel Drive Glendale, AZ 1
    • 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
    •  
  • 7017 W Melinda Lane Glendale, AZ 3
    • 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,354 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
  • 7584 W Firebird Drive Glendale, AZ 4
    • 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
  • 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
Harvey Keene
Keene Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197730
Last Updated: 02/25/2021
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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