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7964 W Rancho Drive Glendale, AZ 85303

5 Beds 3 Baths 2,401 sqft Built 1999

INVESTimate

$339,900

List Price

$1,590

$1,431 - $1,749

Rent Est.

$363,625  ( +6.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $141.57
  • 7 Days on Market
  • MLS # : 6119787
  • Updated Date : 08/20/2020 at 19:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Open House Friday, August 21st from 10 am to 2 pm. Beautiful and spacious 5 bedroom, 3 bathroom, 3 car garage, two story home in Bethany Point subdivision. This home is only 3 miles from Cardinal Stadium, Coyote Stadium and the Westgate Entertainment District. Freshly painted inside and outside, granite counter tops in the kitchen, vaulted ceilings in the great room. There is an RV gate on the West side of the house with a concrete pad that goes all the way to the back wall. New light fixtures installed and ceiling fans throughout house. Easy access to the 101 and shopping with the Tanger Outlets close by. Plenty of room for a custom pool. Make this your forever home. Walking distance to Coyote Ridge School.

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
Coyote Ridge School Primary Regular 872 45 3
Coyote Ridge School Middle Regular 872 45 3
Independence High School High Regular 2,011 89 3

Coyote Ridge School

  • Education Level: Primary
  • # of students: 872
  • # of teachers: 45
3
GreatSchools Rating

Coyote Ridge School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 45
3
GreatSchools Rating

Independence High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,254
Property Tax -$195
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$32

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.

$339,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,669

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,5954$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 7964 W Rancho Drive Glendale, 2
    • 5 beds 3 baths ∙ 2,401 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,401 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.66
    •  
  • 7755 W Stella Avenue Glendale, 1
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 7386 W Solano Drive N Glendale, 3
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2001
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.66
    •  
  • 6278 N 75 Drive Glendale, 4
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 7804 W Marlette Avenue Glendale, 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
PROPERTY LISTING DETAILS
Paul Mosley
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119787
Last Updated: 08/20/2020
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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