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15402 N 56th Avenue Glendale, AZ 85306

4 Beds 2 Baths 1,612 sqft Built 1974

$395,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $245.04
  • 5 Days on Market
  • MLS # : 6192370
  • Updated Date : 02/11/2021 at 16:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

Excellent 4bed/2bath Glendale home situated on a premium corner lot with RV gates. This gem features charming curb appeal leading into the light and bright interior enhanced with a beautiful stone fireplace, wood look and tile flooring and a functional fluid floorplan. Kitchen boasts stainless steel appliances, stylish backsplash and a plethora of warm wood cabinetry. Master retreat includes private en suite. The other bedrooms are generously sized and offer flexibility. The amazing outdoor entertaining area is complete with a covered patio, built in BBQ, above ground spa and a sparkling pool! It's the perfect spot to enjoy Arizona outdoors. NO HOA! Do not miss out. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k291k

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

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,372
Property Tax -$211
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$421

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.

$395,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.33%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3203$1,4004$1,4255$1,545
$1,545
RENT COMPS ANALYSIS
  • 15402 N 56th Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.82
    •  
  • 5816 W Gelding Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1984
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 14487 N 58th Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 5009 W Beverly Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.83
    •  
  • 5203 W Sandra Terrace Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.89
    •  
PROPERTY LISTING DETAILS
Addie Graham
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192370
Last Updated: 02/11/2021
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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