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10826 W Morten Avenue Glendale, AZ 85307

3 Beds 2 Baths 1,823 sqft Built 1987

$272,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $149.20
  • 1 Days on Market
  • MLS # : 6160782
  • Updated Date : 11/14/2020 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

S.j. Fowler Real Estate, Inc.

Listing Agent's Description

Move in today! This spacious single-owner home has been newly repainted inside and out. Energy-efficient with stucco over Integra block walls, ceiling fans, and shade screens. Breakfast nook/family room off kitchen with formal dining room too. Spacious living room with vaulted ceiling and fireplace. Master bedroom has tiled floor including large master bath with walk-in closet. Other bedrooms are newly carpeted. Two-car garage and no HOA! Beautiful park around the corner to enjoy. Convenient location near Park West shopping center, Westgate, State Farm stadium,Desert Diamond casino, St. Joseph's Westgate Medical Center, and Valley Metro Park-and-Ride. See it, love it, and move in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7971567

* 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
Country Meadows Elementary School Primary Regular 1,179 53 4
Country Meadows Elementary School Middle Regular 1,179 53 4
Raymond S. Kellis High School High Regular 1,928 75 4

Country Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Country Meadows Elementary School

  • Education Level: Middle
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,004
Property Tax -$131
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$74

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.

$272,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.5%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$28,593

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
  • $1,495

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3754$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 10826 W Morten Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11323 W Seldon Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1999
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 10807 W Kaler Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1981
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.70
    •  
  • 10737 W Belmont Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1984
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 10908 W Orangewood Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1999
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
PROPERTY LISTING DETAILS
John J King
S.j. Fowler Real Estate, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160782
Last Updated: 11/14/2020
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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