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23658 N 36th Drive Glendale, AZ 85310

3 Beds 2 Baths 1,248 sqft Built 1991

$310,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $248.40
  • 3 Days on Market
  • MLS # : 6167881
  • Updated Date : 12/04/2020 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Completely upgraded in 2018, 3 bedroom, 2 bath home on a cul-de-sac lot. Open great room floor plan with cozy fireplace, large living area, soaring ceilings, and soothing on-trend color palette. Beautiful designer kitchen with white shaker style cabinets, granite countertops, stainless steel appliances and eat-in kitchen. 3 spacious bedrooms without any carpet. Both bathrooms upgraded with gorgeous white vanities, granite countertops, and grey tile. Awesome backyard with green grass and desert landscaping, extended covered patio, and storage shed. 2-car attached garage. This is a great home that is sure to go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Ridge at North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $98k271k

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

Neighborhood: Mountain Ridge at North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Desert Sage Elementary School Primary Regular 590 35 7
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Desert Sage Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 35
7
GreatSchools Rating

Hillcrest Middle School

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

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,144
Property Tax -$185
Property Insurance -$52
HOA -$3
Property Management Fees -$99
CASH FLOW
-$202

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.

$310,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,285

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3653$1,4504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 23658 N 36th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.03
    •  
  • 23814 N 36th Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1991
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $1.07
    •  
  • 3959 W Electra Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 1989
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 3702 W Cielo Grande -- Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1987
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 4001 W Cielo Grande -- Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1986
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jerry P Brandvig
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167881
Last Updated: 12/04/2020
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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