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10115 W Reade Avenue Glendale, AZ 85307

4 Beds 2 Baths 1,625 sqft Built 1990

$299,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $184.55
  • 2 Days on Market
  • MLS # : 6187569
  • Updated Date : 01/30/2021 at 17:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Location, location, location! This house is located just minutes from West Gate Entertainment District, the Cardinals stadium, park west and access to the Loop 101 within minutes. Beautiful 4 bedroom 2 bath home with open floor plan and tile floors through out. Family room is light and airy with high vaulted ceiling that truly make an impact. Kitchen has been upgraded with white wood cabinets, granite counters and tile back splash. Ceiling fans throughout help keep property cool in the summer. Guest bedrooms are great size and share an updated bathroom. Master bedroom has it's on private ensuite. The backyard is a great oasis with its custom built in bbq grille, upgraded pavers and artificial turf.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Greens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Camelback Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7771567

* 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
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,042
Property Tax -$201
Property Insurance -$59
HOA -$50
Property Management Fees -$99
CASH FLOW
-$181

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.

$299,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2703$1,3754$1,4255$1,513
$1,513
RENT COMPS ANALYSIS
  • 10115 W Reade Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.78
    •  
  • 10072 W Mariposa Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1984
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 10310 W Luke Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 10330 W San Juan Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 5704 N 103rd Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
PROPERTY LISTING DETAILS
Everardo M Chavez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187569
Last Updated: 01/30/2021
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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