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14013 N 53rd Drive Glendale, AZ 85306

3 Beds 2 Baths 1,008 sqft Built 1979

$179,000

List Price

$930

$837 - $1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $177.58
  • 3 Days on Market
  • MLS # : 6167807
  • Updated Date : 12/04/2020 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful fully remodeled townhouse with 3 bedrooms, 1.5 baths. The main level has new laminate wood floors and freshly painted with a soft color palette. The family room has a slider to the patio. Galley style kitchen has stainless steel appliances and white cabinets, and breakfast bar seating at the pass thru from the kitchen. All upstairs has plush new carpeting. Full bath upstairs and .5 bath downstairs. Nice sized outdoor patio with extra storage space. PRIME LOCATION!! Close to schools, shopping and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villas Glendale

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $56k271k

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

Neighborhood: Villas Glendale

ZipNIR 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
Kachina Elementary School Primary Regular 454 31 6
Kachina Elementary School Middle Regular 454 31 6
Cactus High School High Regular 1,283 61 5

Kachina Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 31
6
GreatSchools Rating

Kachina Elementary School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 31
6
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$837$1,023$930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $930
EXPENSES Loan Payment -$660
Property Tax -$96
Property Insurance -$47
HOA -$183
Property Management Fees -$99
CASH FLOW
-$155

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.

$179,000

PROJECTED PRICE

$930

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $930

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $942

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$930
1$9302$1,1503$1,200
$1,200
RENT COMPS ANALYSIS
  • 14013 N 53rd Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $930
    • $0.92
    •  
  • 11214 N 55th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1984
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 5254 W Banff Lane Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1973
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ophelia Mougel
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167807
Last Updated: 12/04/2020
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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