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23807 N 64th Avenue Glendale, AZ 85310

4 Beds 5 Baths 4,414 sqft Built 2004

$998,990

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $226.32
  • 2 Days on Market
  • MLS # : 6170782
  • Updated Date : 12/12/2020 at 13:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,414 sqft
  • Baths : 4 full , 1 half
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

Beautiful home with gorgeous mountain views. Treat yourself to a dip in the pool in the hot summer. Enjoy your spacious acre lot complete with a private gated entry and 2 RV gates. Home comes with an in-law suite with a private exit, living room, and a complete bathroom/wet bar. The kitchen comes with an oversized island with multiple ovens. The 15+ foot ceilings add incredible natural light into the home, making for a warm and cozy environment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Softwind Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $104k1261k

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

Neighborhood: Softwind Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9524346

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Mountain Ridge High School High Regular 2,206 94 7

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Mountain Ridge High School

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

$899,091$1,098,889$998,990

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,686
Property Tax -$738
Property Insurance -$113
HOA -$10
Property Management Fees -$99
CASH FLOW
-$1,236

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.

$998,990

PROJECTED PRICE

$3,410

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,482

INVESTMENT

$270,482

Down Payment
$249,748
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,748
Loan Amount $749,243
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,847

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,900
$2,900
RENT COMPS ANALYSIS
  • 23807 N 64th Avenue Glendale, AZ 1
    • 4 beds 5 baths ∙ 4,414 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,414 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25277 N 74th Avenue Peoria, AZ 2
    • 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2000
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.61
    •  
  • 5708 W Robb Lane Glendale, AZ 3
    • 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
PROPERTY LISTING DETAILS
Juan A Sanchez Fuentes
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170782
Last Updated: 12/12/2020
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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