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10609 N 48th Drive Glendale, AZ 85304

3 Beds 2 Baths 1,518 sqft Built 1973

$327,499

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $215.74
  • 4 Days on Market
  • MLS # : 6211371
  • Updated Date : 03/25/2021 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,518 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

NO HOA Remodeled beauty on corner lot of peaceful cul-de-sac is move-in ready! This remodeled home offers 2 car garage, RV gate, lush grass, and cozy covered porch. Enjoy entertaining in this spacious, open floor plan with wood-like floor, beautiful light fixtures & fans. New carpet in all BR. Magazine cover kitchen features high-end SS appliances, custom cabinets w/crown molding, tile backsplash, quartz counters, and a center island. Inside the master bedroom, you will find a walk-in closet, and a private bathroom with floor-to-ceiling tile in shower. Fabulous backyard is ideal for relaxing after a long day! Patio furniture & grill stay. Fantastic location! Close to restaurants, shopping, Glendale Public Library, Glendale Community College, and a 10 min drive from Downtown Glendale

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$294,749$360,249$327,499

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,138
Property Tax -$190
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$123

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.

$327,499

PROJECTED PRICE

$1,360

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$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$92,537

INVESTMENT

$92,537

Down Payment
$81,875
Rehab Estimate
$5,750
Closing Costs
$4,912

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,138

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,875
Loan Amount $245,624
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4453$1,5354$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 10609 N 48th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.90
    •  
  • 4434 W Mountain View Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.97
    •  
  • 10843 N 45th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.98
    •  
  • 4616 W Saguaro Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 4807 W Beryl Avenue N Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Diane Patricia Lanoue
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211371
Last Updated: 03/25/2021
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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