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

20364 N 52nd Avenue Glendale, AZ 85308

3 Beds 2 Baths 1,532 sqft Built 1995

$500,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $326.37
  • 4 Days on Market
  • MLS # : 6192800
  • Updated Date : 02/12/2021 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

A lake house, in Arizona?? Remodeled with a resort quality pool for only $500k? Yes, this Arrowhead Lakes home will be sure to impress. Natural light floods this one level waterfront home offering a split 3/2 floorplan. Updates abound throughout the entire property, including 24'' imported flooring in the kitchen/living/baths & bamboo flooring in the bedrooms. Bathrooms are updated with tiled walk-in showers & an oversized jacuzzi. The vaulted living room features a 15' wall of glass that opens to the west/lake facing backyard. The heated wrap-around pool was installed in late 2017 at a cost of almost $70k, it will not disappoint! Fruit trees, synthetic grass, a private dock with a pontoon boat that conveys! Perfect location near Scottsdale & Westgate, hurry as this will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $104k575k

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

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522397

* 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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,737
Property Tax -$356
Property Insurance -$57
HOA -$74
Property Management Fees -$99
CASH FLOW
-$603

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.

$500,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,5003$1,5954$1,6755$1,720
$1,720
RENT COMPS ANALYSIS
  • 20364 N 52nd Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.12
    •  
  • 20014 N 47th Lane Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 4764 W Wahalla Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 5219 W Pontiac Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 5203 W Pontiac Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1996
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jeff Hritsco
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192800
Last Updated: 02/12/2021
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.

BESbswy