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10467 W Pasadena Avenue Glendale, AZ 85307

4 Beds 3 Baths 2,178 sqft Built 1997

$300,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $137.74
  • 3 Days on Market
  • MLS # : 6199195
  • Updated Date : 02/28/2021 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous 2 story single family house into the heart of Glendale. Only 10 minutes away from Westgate Entertainment District. Easy access to shopping, dining, parks, schools, the 101 freeway and much more. 4 bedrooms 2 1/2 baths with a downstairs den and upstairs spacious loft. Formal living room, dining area, open kitchen with island and walk-in pantry. Large master with his and her closets. Extended covered patio and enjoy the grassy backyard. Perfect for entertaining. 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
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,042
Property Tax -$201
Property Insurance -$70
HOA -$36
Property Management Fees -$99
CASH FLOW
$112

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.

$300,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.52%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% 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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$27,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6493$1,6504$1,6755$1,795
$1,795
RENT COMPS ANALYSIS
  • 10467 W Pasadena Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.72
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
PROPERTY LISTING DETAILS
Celina Alexandra Mendoza
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199195
Last Updated: 02/28/2021
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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