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18635 N 42nd Avenue Glendale, AZ 85308

3 Beds 3 Baths 1,612 sqft Built 1990

$309,999

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $192.31
  • 4 Days on Market
  • MLS # : 6177899
  • Updated Date : 01/08/2021 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Lovely 3 bdrm, 2.5 ba, 1612 SQFT home with salt water pool. Granite in kitchen & bthrms. New water efficient toilets in all bthrms. New light fixtures, ceiling fans,vent covers,outlet & switch covers & paint dwnstrs.New dual pane & energy efficient windows & french doors on back of house. New window screens on all windows. Spacious kitchen with plenty of seating at granite bar. Trash & recycle bins in cbnt. Reverse osmosis under kit sink.Pantry with built-in beverage bar & wine frig.Wine rack. Dble sided fireplace between formal living rm & family rm. Formal dining rm. Slate floors dwnstrs. Wood laminate floors upstrs. Dble doors lead to master bdrm with dble closets & over-sized jacuzzi tub. Jack & Jill bathrm between 2 secondary bedrms. Washer, Dryer & Refrigerator included.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vintage West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Vintage West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9241567

* 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
Park Meadows Elementary School Primary Regular 574 37 8
Park Meadows Elementary School Middle Regular 574 37 8
Barry Goldwater High School High Regular 1,856 88 4

Park Meadows Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Park Meadows Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$278,999$340,999$309,999

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,077
Property Tax -$185
Property Insurance -$59
HOA -$39
Property Management Fees -$99
CASH FLOW
$32

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.

$309,999

PROJECTED PRICE

$1,490

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
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

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

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 45% 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 $232,499
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,483

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4903$1,4954$1,5305$1,625
$1,625
RENT COMPS ANALYSIS
  • 18635 N 42nd Avenue Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.92
    •  
  • 18617 N 42nd Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 18239 N 38th Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1981
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 18824 N 44th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 3826 W Villa Rita Drive Glendale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Lori Brinegar
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177899
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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