Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10335 N 58th Lane Glendale, AZ 85302

3 Beds 2 Baths 1,673 sqft Built 1994

$323,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $193.07
  • 3 Days on Market
  • MLS # : 6184321
  • Updated Date : 01/22/2021 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Glendale one-story cul-de-sac home offers a patio, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marbrisa Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k297k

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

Neighborhood: Marbrisa Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9051567

* 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
Heritage Elementary School Primary Regular 673 34 5
Heritage Elementary School Middle Regular 673 34 5
Ironwood High School High Regular 1,987 89 6

Heritage Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 34
5
GreatSchools Rating

Heritage Elementary School

  • Education Level: Middle
  • # of students: 673
  • # of teachers: 34
5
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating
 

$290,700$355,300$323,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,122
Property Tax -$173
Property Insurance -$60
HOA -$16
Property Management Fees -$99
CASH FLOW
-$129

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$323,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$10k$12k

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$91,345

INVESTMENT

$91,345

Down Payment
$80,750
Rehab Estimate
$5,750
Closing Costs
$4,845

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,122

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,750
Loan Amount $242,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,510

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3403$1,3954$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 10335 N 58th Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.80
    •  
  • 5408 W Christy Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 6336 W Saguaro Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1983
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 5807 W Shangri La Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1983
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 5531 W Brown Street Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184321
Last Updated: 01/22/2021
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.

BESbswy