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20426 N 53rd Avenue 
Glendale, AZ
85308
3 Beds 4 Baths 3,314 sqft
Built 1997
INVESTimate
$725,000
List Price
$197,875
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $218.77
- 1 Days on Market
- MLS # : 6121760
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 3,314 sqft
- Baths : 4 full
Listing Agent
Homesmart Fine Homes And Land
Listing Agent's Description
Living in Paradise on the Lake on 53rd Ave. Don't let this upgraded masterpiece pass you by. Live on the Lake with amazing views and spectacular sunsets. This home has been recently upgraded. Open floor plan, lofted ceilings, brand new linear fireplace with stacked stone, luxurious tile flooring throughout, high end counter tops, stainless steel appliances, Master suite is on the main floor - large master bath with custom walkin shower and garden tub, double vanity and new classy closet with LOTS of room. Resort backyard with pebble finish pool and 3 (yes 3) waterfalls. Lush landscaping and amazing views Newly added boat dock.. 2 newer Trane A/C units. Side yard is oversized and has an RV gate. 3 bedrooms and greatroom/loft upstairs with a deck.
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PRICE & RENT TRENDS
Neighborhood: Arrowhead Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arrowhead Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$516 | |
| Property Insurance | -$92 | |
| HOA | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$926
|
||
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.
$725,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.33
YEARS SAVED
$450
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,593
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
20426 N 53rd Avenue Glendale, 5
- 3 beds 4 baths ∙ 3,314 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,314 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,530
- $0.76
-
6361 W Deer Valley Road Glendale, 1
- 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 1998
LEASED 04/01/19- Rent
- Rent Per SQFT
- $2,350
- $0.75
-
6785 W Marco Polo Road Glendale, 2
- 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,346 Sqft ∙ Built 1996
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,500
- $0.75
-
6174 W Quail Avenue Glendale, 3
- 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1995
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
5859 W Del Lago Circle Glendale, 4
- 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 1994
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.79
PROPERTY LISTING DETAILS
Homesmart Fine Homes And Land
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121760
Last Updated: 08/26/2020
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.
