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14250 N 50th Lane Glendale, AZ 85306

4 Beds 2 Baths 1,520 sqft Built 1985

$299,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $197.30
  • 3 Days on Market
  • MLS # : 6188528
  • Updated Date : 02/06/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Nicely Remodeled Home with LOTS of Updates. Come enjoy the New Granite Countertops and Subway Tile backsplash. Stainless Steel Appliances. Fresh New Carpet and Wood look Tile throughout this home. Stay cozy on winter days by the stacked stone fireplace. Master Bedroom features its own Private Bathroom with Dual Vanities and Dual Closets (the one almost as big as a bedroom!) Modern Ceiling Fans in every bedroom. No maintenance landscaping. Excellent proximity to schools, restaurants, and shopping. No HOA. Hurry, this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cove at Thunderbird

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k271k

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

Neighborhood: Cove at Thunderbird

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8021567

* 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
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,042
Property Tax -$184
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$91

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.

$299,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,357

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3253$1,5254$1,5855$1,700
$1,700
RENT COMPS ANALYSIS
  • 14250 N 50th Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.85
    •  
  • 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
    •  
  • 14232 N 50th Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 5227 W Hearn Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.87
    •  
  • 5119 W Port Au Prince Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Angela Garcia
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188528
Last Updated: 02/06/2021
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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