Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12403 N 51st Drive Glendale, AZ 85304

3 Beds 2 Baths 1,703 sqft Built 1980

$288,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $169.41
  • 3 Days on Market
  • MLS # : 6150953
  • Updated Date : 11/06/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Arizona Elite Properties

Listing Agent's Description

This great Glendale Home has over 1700 sq.feet. This home has 3 bedroom 2 bath with 1703 sq. feet. with a diving pool. The home is on a corner lot , has low maintenance landscaping. The property has tile in the majority of the home carpets in the bedroom, there is a fireplace in the family room with a open area.Master shower has been updated,AC Unit is around 3 years old. The home is currently tenant occupied on a month to month lease, the tenant will stay if buyer wishes. Great location near A.S.U West side campus, shopping and schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $97k271k

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

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9501567

* 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
Marshall Ranch Elementary School Primary Regular 793 38 7
Marshall Ranch Elementary School Middle Regular 793 38 7
Ironwood High School High Regular 1,987 89 6

Marshall Ranch Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Marshall Ranch Elementary School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Ironwood High School

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

$259,650$317,350$288,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,064
Property Tax -$154
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$32

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.

$288,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,203

INVESTMENT

$82,203

Down Payment
$72,125
Rehab Estimate
$5,750
Closing Costs
$4,328

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,064

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,125
Loan Amount $216,375
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$25,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,507

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,385
1$1,3852$1,3953$1,4104$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 12403 N 51st Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.83
    •  
  • 5509 W Sunnyside Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1978
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.84
    •  
  • 4821 W Bloomfield Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 12446 N 50th Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 4814 W Dahlia Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Bohlman
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150953
Last Updated: 11/06/2020
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.

BESbswy