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1102 W Glendale Avenue #108 Phoenix, AZ 85021

3 Beds 3 Baths 1,928 sqft Built 2000

$335,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $173.76
  • 7 Days on Market
  • MLS # : 6161021
  • Updated Date : 11/20/2020 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Perfect location!!! This lovely townhome is located close to community activities and shopping with ease access to downtown employment centers and transportation. Feels open and roomy, you'll love the master. Kitchen and dining areas are perfectly set up for entertaining. Small gated community. This home is ready for your personal touches. Come see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuscany Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Tuscany Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342568

* 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
Orangewood Elementary School Primary Regular 1,016 48 4
Orangewood Elementary School Middle Regular 1,016 48 4
Washington High School High Regular 1,714 73 4

Orangewood Elementary School

  • Education Level: Primary
  • # of students: 1,016
  • # of teachers: 48
4
GreatSchools Rating

Orangewood Elementary School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 48
4
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,236
Property Tax -$200
Property Insurance -$65
HOA -$330
Property Management Fees -$99
CASH FLOW
$460

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.

$335,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$70,282

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
  • $2,381

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0993$2,1754$2,3805$2,425
$2,425
RENT COMPS ANALYSIS
  • 1102 W Glendale Avenue #108 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 915 W Glendale Avenue #28 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2020
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.15
    •  
  • 917 W Glendale Avenue #27 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2020
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.18
    •  
  • 917 W Glendale Avenue #41 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2019
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.29
    •  
  • 917 W Glendale Avenue #51 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2019
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.32
    •  
PROPERTY LISTING DETAILS
Elly Johnson
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161021
Last Updated: 11/20/2020
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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