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18004 N 57th Avenue Glendale, AZ 85308

3 Beds 2 Baths 1,303 sqft Built 1979

$310,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $237.91
  • 4 Days on Market
  • MLS # : 6189818
  • Updated Date : 02/06/2021 at 13:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,303 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Remodeled home in quiet neighborhood of Chapparal. This spacious 3 bedroom 2 bath home has everything! Large corner lot, no HOA, Deer Valley School District, walking distance to Chapparal Park, new kitchen appliances, modern cabinetry, quartz counter tops. Updated flooring, paint and fixtures throughout. Dual pane windows, new French doors leading out to your low maintenance backyard, two car garage with new garage door, new HVAC, new hot water tank, new side gate, new master closet and new shed. Come look, this beauty wont last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k366k

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

Neighborhood: Cholla

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
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,077
Property Tax -$221
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$189

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.

$310,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3953$1,4754$1,6255$1,645
$1,645
RENT COMPS ANALYSIS
  • 18004 N 57th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.97
    •  
  • 5626 W Charleston Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 5720 W Wagoner Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1985
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.07
    •  
  • 5189 W Campo Bello Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 5514 W Wagoner Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1983
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.01
    •  
PROPERTY LISTING DETAILS
Susan M Phelan
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189818
Last Updated: 02/06/2021
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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