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10329 W Missouri Avenue Glendale, AZ 85307

4 Beds 3 Baths 2,178 sqft Built 1996

$285,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $130.85
  • 5 Days on Market
  • MLS # : 6165820
  • Updated Date : 12/02/2020 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

Fantastic opportunity to own this home nestled into the heart of Glendale! Only 10 minutes away from Westgate Entertainment District and easy access to shopping, dining, parks, schools, the 101 and so much more. Light and bright interior features a fluid open floorplan. Kitchen boasts granite counter tops, stainless steel appliances, a center island and an abundance of cabinet space. Spacious master bedroom with walk in closet and dual sinks. Step out to the extended length patio and enjoy the grassy backyard with RV gate and parking. Perfect for pets and play. Do not miss out! See it today and make it yours.

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,052
Property Tax -$191
Property Insurance -$70
HOA -$36
Property Management Fees -$99
CASH FLOW
$62

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.

$285,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.53%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$25,976

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
  • $1,726

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6493$1,6504$1,6755$1,795
$1,795
RENT COMPS ANALYSIS
  • 10329 W Missouri Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10217 W Georgia Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
  • 9919 W Meadowbrook Avenue #0 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1987
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 5406 N 104th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 4813 N 108th Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2010
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
PROPERTY LISTING DETAILS
Alexander M Prewitt
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165820
Last Updated: 12/02/2020
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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