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1102 W Glendale Avenue #109 Phoenix, AZ 85021

3 Beds 3 Baths 1,792 sqft Built 2000

$369,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $205.92
  • 2 Days on Market
  • MLS # : 6206764
  • Updated Date : 03/14/2021 at 00:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,792 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Luxury gated townhouse located in the heart of central Phoenix. Original owners have made this home a showcase! Hardwood floors and tile throughout. Plantation Shutters. Vaulted ceilings. Built in book cases in loft and 3rd bedroom/office. Chef's kitchen with all upgraded appliances and ceiling pot rack. Gas fireplace in living room...gas included in HOA!! Updated bathrooms with Airbath soaking tub in master. Granite in kitchen and bathrooms. Central Vac system with new hoses (2021). Custom storage cabinets and work bench with sealed floors in double garages. Private, cozy landscaped back yard/patio with fountain and drip system for a quiet retreat. All upgraded appliances convey. You won't want to miss this jewel in the perfect central location!!

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
Washington High School High Regular 1,714 73 4

Washington High School

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

$332,100$405,900$369,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,282
Property Tax -$220
Property Insurance -$62
HOA -$330
Property Management Fees -$99
CASH FLOW
$207

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.

$369,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

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

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$35,125

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
  • $2,186

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0993$2,2494$2,2505$2,380
$2,380
RENT COMPS ANALYSIS
  • 1102 W Glendale Avenue #109 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,792 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 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $1.22
    •  
  • 917 W Glendale Avenue #31 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2020
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.22
    •  
  • 917 W Glendale Avenue #41 Phoenix, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Del R Frohlich
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206764
Last Updated: 03/14/2021
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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