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14617 N 55th Avenue Glendale, AZ 85306

4 Beds 4 Baths 2,332 sqft Built 1973

$375,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $160.81
  • 5 Days on Market
  • MLS # : 6195499
  • Updated Date : 02/18/2021 at 15:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,332 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Beautiful home w/ POOL! NO HOA, PERFECT INVESTMENT! Welcome to this well maintained, open floor plan tri-level property located in the highly desirable Deerview community! This home offers plenty of features for you and your guests to enjoy... There's also a newer roof that was replaced in 2014... The kitchen offers plenty of countertop space for meal prep... You'll never run out of room for your cooking essentials in these spacious cabinets! There's multiple entertainment areas including the lower level family room that is pre-plumbed for a wet bar... The master suite is huge and the secondary bedrooms are perfect size for kids or guests plus there's an additional office on the lower level!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

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

Cactus High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,303
Property Tax -$201
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$145

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.

$375,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$36,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7004$1,8205$1,825
$1,825
RENT COMPS ANALYSIS
  • 14617 N 55th Avenue Glendale, AZ 4
    • 4 beds 4 baths ∙ 2,332 Sqft ∙ Built 1973 4 beds 4 baths ∙ 2,332 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.78
    •  
  • 5843 W Crocus Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 5850 W Acoma Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1974
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 15257 N 53rd Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 15234 N 51st Drive Glendale, AZ 5
    • 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195499
Last Updated: 02/18/2021
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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