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11225 N 60th Avenue Glendale, AZ 85304

3 Beds 2 Baths 2,107 sqft Built 1990

$319,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $151.40
  • 2 Days on Market
  • MLS # : 6163313
  • Updated Date : 11/21/2020 at 11:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,107 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful Glendale home, 3 bedroom/2 bathroom with office. Finished out attic space for storage, newer dual pane windows throughout and sun screens on all windows. This home features a beautiful backyard perfect for entertaining with custom pavers, extended patio, storage space, patio roll-down shades and outdoor tv area. Open floor plan with an extra large/tall kitchen island perfect for entertaining, holiday gatherings and storage galore. A split floor plan with a custom walk-in shower. Granite countertops throughout the entire home. This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oakhollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Oakhollow

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
Copperwood Elementary School Primary Regular 893 43 8
Copperwood Elementary School Middle Regular 893 43 8
Ironwood High School High Regular 1,987 89 6

Copperwood Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 43
8
GreatSchools Rating

Copperwood Elementary School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 43
8
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,177
Property Tax -$171
Property Insurance -$68
HOA -$7
Property Management Fees -$99
CASH FLOW
-$12

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.

$319,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$22,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5103$1,6254$1,8005$1,825
$1,825
RENT COMPS ANALYSIS
  • 11225 N 60th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.72
    •  
  • 5911 W Shangri La Road Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1991
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 11220 N 60th Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 1992
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.84
    •  
  • 6125 W Sierra Street Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 6419 W Sierra Street Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1980
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
PROPERTY LISTING DETAILS
Nicholas James Mckernan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163313
Last Updated: 11/21/2020
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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