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13209 N 56th Avenue Glendale, AZ 85304

3 Beds 2 Baths 1,428 sqft Built 1985

$342,500

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $239.85
  • 3 Days on Market
  • MLS # : 6160538
  • Updated Date : 11/20/2020 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

As you walk thru the front door be ready to be awed. The high vaulted ceilings in the living room and dining rooms have LED lights and custom fans with colorful travertine/ceramic floors in the common areas. The showcase kitchen has black speckled granite countertops and shelves with dual convection wall ovens. The kitchen island features a hammered copper double sink. The Tigerwood cabinets are soft close with pullouts. A wide open great room for entertaining around the wood fireplace. The vaulted master bedroom has a large walk in closet with a exceptional shower that has a vaulted tiled shower with dual heads and a glass barndoor. The two other bedrooms are roomy with nice wall closets. Leaving the family area onto the pavered covered patio you have a Six person Therapy spa with chiller

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
 

$308,250$376,750$342,500

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,264
Property Tax -$183
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$341

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.

$342,500

PROJECTED PRICE

$1,260

PROJECTED RENT

0.37%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,513

INVESTMENT

$96,513

Down Payment
$85,625
Rehab Estimate
$5,750
Closing Costs
$5,138

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,625
Loan Amount $256,875
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,736

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
  • $1,317

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,3954$1,5255$1,575
$1,575
RENT COMPS ANALYSIS
  • 13209 N 56th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5534 W Calavar Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 4821 W Bloomfield Road Glendale, AZ 3
    • 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
    •  
  • 5154 W Riviera Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.95
    •  
  • 5157 W Laurel Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
PROPERTY LISTING DETAILS
Robert E Singley Jr
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160538
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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