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18029 N 64th Drive Glendale, AZ 85308

3 Beds 2 Baths 2,050 sqft Built 1997

$395,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $192.68
  • 3 Days on Market
  • MLS # : 6190266
  • Updated Date : 02/06/2021 at 15:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

This amazing property literally has a park in the front yard!!! Check out the awesome park with playground, ramada's, full basketball/volleyball court and beautiful walking-riding paths right across the street! Then let's talk about this beautifully updated home with vaulted ceilings, brick fireplace, separate family/livings room areas and plantation shutters. The kitchen boasts cherry cabinets with granite countertops and stainless appliances. The super private backyard has mature trees, a full covered patio, built in BBQ area and Covered Ramada. PLUS: New A/C Unit in july 2020, RV parking for your toys and NO HOA! This house is super close to shopping, dining, freeways and schools. You do not want to miss this one!

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
Deer Valley High School High Regular 1,854 95 5

Deer Valley High School

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

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

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,372
Property Tax -$281
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$79

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

$1,740

PROJECTED RENT

0.44%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

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 50% 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

4.42

YEARS SAVED

$17,236

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
  • $1,907

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,6954$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 18029 N 64th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5948 W Kimberly Way Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1996
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
  • 6418 W Libby Street Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 18913 N 69th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 6586 W Oraibi Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jamie Orr
Fathom Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190266
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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