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17049 N 39th Avenue Glendale, AZ 85308

3 Beds 2 Baths 1,764 sqft Built 1974

$349,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $198.36
  • 3 Days on Market
  • MLS # : 6184274
  • Updated Date : 01/22/2021 at 07:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Rapido Realty, Llc

Listing Agent's Description

Charming Remodeled Home on large oversized lot!! No HOA !! Open floor plan 3 Bed / 2 Bath / 2 car garage / RV Gate / Bonus Game Room next to Kitchen. Family Room with soaring vaulted ceilings, elegant wooden beams & charming brick fireplace with tile surround. White Cabinets in Kitchen with exquisite door hardware, Granite Counters, Undermount sink, new pull-out faucet, New garbage disposal, Stainless Steel appliances including double door refrigerator with water/ice dispenser. Recessed lighting at entrance and hallway. Gorgeous 18'' Tile throughout!! Beautiful Baseboards!! No carpet !! Both bathrooms have walk in showers with new tile design. New ceiling fans. Fresh new paint inside & out! Garage has Epoxy Flooring! Backyard has nice palm trees and gazebo perfect for entertaining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k273k

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

Neighborhood: Woodridge

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
Mirage Elementary School Primary Regular 458 30 4
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mirage Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
4
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,215
Property Tax -$209
Property Insurance -$62
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.

$349,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6253$1,6504$1,7455$1,750
$1,750
RENT COMPS ANALYSIS
  • 17049 N 39th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3826 W Villa Rita Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1979
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.94
    •  
  • 3722 W Grandview Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 4137 W Woodridge Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1980
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.98
    •  
  • 17021 N 38th Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1979
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Venkata Tayi
Rapido Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184274
Last Updated: 01/22/2021
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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