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

14843 N 59th Drive Glendale, AZ 85306

3 Beds 2 Baths 1,291 sqft Built 1976

$280,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $216.89
  • 3 Days on Market
  • MLS # : 6196272
  • Updated Date : 02/19/2021 at 01:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,291 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

NO HOA! Lovely 3 bdrm, 2 bath w/2 car garage, home has had many upgrades and updates, in recent years. Exterior has attractive brick trim, New A/C unit installed in 2020, newly painted siding in 2019. Roof replaced 2013, pool resurfaced 2019 and updated home with Dual pane windows. Interior features laminate wood floors in living room, hall and master bedroom. Both baths updated . Kitchen features granite counter tops, newer stainless steel appliances and built-in microwave. Ceiling fans T/O. Inside Laundry w/Washer & Dryer. French doors in spacious living room leading to cozy Arizona room.. In the Backyard a large outside patio area with pavers, & sunshade covering, fenced play pool. Great for entertaining or relaxing after a long day.Awesome Central LOCATION! Amenities everywhere!

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$973
Property Tax -$150
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$64

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.

$280,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.43%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,223

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2103$1,2604$1,2955$1,450
$1,450
RENT COMPS ANALYSIS
  • 14843 N 59th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.94
    •  
  • 5254 W Banff Lane Glendale, AZ 1
    • 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
    •  
  • 15418 N 61st Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1980
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.93
    •  
  • 15611 N 59th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1982
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 14466 N 58th Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Alejandro Felix
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196272
Last Updated: 02/19/2021
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.

BESbswy