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10301 W Colter Street Glendale, AZ 85307

3 Beds 2 Baths 1,825 sqft Built 1997

$325,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $178.08
  • 1 Days on Market
  • MLS # : 6182161
  • Updated Date : 01/17/2021 at 04:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,825 sqft
  • Baths : 2 full
Listing Agent

Vina Realty

Listing Agent's Description

** Location ** Location ** Location ** This 3 bed, 2 bath, 2 car garage home boasts 1825 sqft under a tile roof, with a sparkling pool and expansive back patio, and a 12 ft RV gate with slab parking. Attention to details including custom built entertainment center, seamless rain gutters, custom built pantry with swinging pantry doors, updated heating and cooling system, and a retractable patio awning to keep cool around the pool. Glow in the dark tiles at pool steps light up the steps to your pool at night. Additionally, there is a small home office space/den. Close to 101, Westgate entertainment district, shopping and more. Great investment potential in a growing area. Come see this well cared for home today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Larissa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Larissa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7991567

* 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
Sonoran Sky Elementary School Primary Regular 697 34 5
Sonoran Sky Elementary School Middle Regular 697 34 5
Westview High School High Regular 2,456 94 2

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 34
5
GreatSchools Rating

Sonoran Sky Elementary School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 34
5
GreatSchools Rating

Westview High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,129
Property Tax -$218
Property Insurance -$63
HOA -$36
Property Management Fees -$99
CASH FLOW
-$105

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.

$325,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,722

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
  • $1,533

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4254$1,5135$1,750
$1,750
RENT COMPS ANALYSIS
  • 10301 W Colter Street Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10310 W Luke Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 10330 W San Juan Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 5704 N 103rd Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
  • 10918 W College Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
James S. Rittenhouse
Vina Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182161
Last Updated: 01/17/2021
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.

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