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

17602 N 45th Avenue Glendale, AZ 85308

4 Beds 3 Baths 2,620 sqft Built 1981

$389,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $148.82
  • 3 Days on Market
  • MLS # : 6165263
  • Updated Date : 11/28/2020 at 15:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,620 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Come see your new home! This bright and spacious gem on a golf course lot is completely remodeled and you will be the first to enjoy the new floors, paint and appliances! This quiet neighborhood has several parks, walking paths, heated community pool, tennis, and even a baseball park! Who wouldn't want to start new memories in the home that has it all

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellair Townhouses

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $71k358k

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

Neighborhood: Bellair Townhouses

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Bellair Elementary School Primary Regular 475 30 6
Bellair Elementary School Middle Regular 475 30 6
Deer Valley High School High Regular 1,854 95 5

Bellair Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Bellair Elementary School

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Deer Valley High School

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

$350,910$428,890$389,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,439
Property Tax -$232
Property Insurance -$78
HOA -$85
Property Management Fees -$99
CASH FLOW
-$93

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$389,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k$15k

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$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,855

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
  • $1,900

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7504$1,8155$1,999
$1,999
RENT COMPS ANALYSIS
  • 17602 N 45th Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4951 W Joyce Circle Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 4622 W Bluefield Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 4339 W Julie Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.78
    •  
  • 4548 W Villa Theresa Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.76
    •  
PROPERTY LISTING DETAILS
Dominique Martinez
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165263
Last Updated: 11/28/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy