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21114 N 64th Avenue Glendale, AZ 85308

4 Beds 2 Baths 2,180 sqft Built 1995

$530,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $243.12
  • 2 Days on Market
  • MLS # : 6263410
  • Updated Date : 07/13/2021 at 17:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full
Listing Agent

Az Real Estate Options, Llc

Listing Agent's Description

Beautiful Golf Course, Single Story Home located in the highly coveted community of Arrowhead Ranch. This 3bed + den, 2bath and 3 car garage home features new wood floors, ceiling fans and sun shades as of 2020 in addition to vaulted ceilings, plantation shutters, and family room fireplace. Kitchen includes stainless appliances, granite countertops and a brand new refrigerator in 2021 as well as a gas range. The private pool oasis is pristine and beautiful with a gorgeous view of the golf course. This one won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monarch Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $104k404k

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

Neighborhood: Monarch Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9522011

* 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
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,841
Property Tax -$377
Property Insurance -$70
HOA -$17
Property Management Fees -$99
CASH FLOW
-$324

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.

$530,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,207

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,0953$2,2004$2,2755$2,400
$2,400
RENT COMPS ANALYSIS
  • 21114 N 64th Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.95
    •  
  • 6652 W Rose Garden Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 5956 W Irma Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 6648 W Rose Garden Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1997
    property image
    LEASED 05/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.08
    •  
  • 6981 W Melinda Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1998
    property image
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jeanna Boren
Az Real Estate Options, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263410
Last Updated: 07/13/2021
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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