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24002 N 36th Drive Glendale, AZ 85310

3 Beds 2 Baths 1,600 sqft Built 1996

$372,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $232.50
  • 3 Days on Market
  • MLS # : 6209163
  • Updated Date : 03/19/2021 at 19:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Sentry Residential Llc

Listing Agent's Description

Lovely well cared for home in the desired North Canyon Ranch subdivision. This move-in ready home offers beautiful tile throughout, a new roof in 2019, new AC in 2018, very appealing plantation shutters, water softener, neutral paint, and an inviting open floor plan. Did I mention all appliances included? The front and back yards are aesthetically pleasing and low maintenance, nice storage shed in backyard, and RV gate. Nice patio for enjoying morning coffee or evening wine with beautiful mountain views. All of this nestled in the vicinity of Thunderbird Conservation Park, for great hiking, the famous Hurricane Harbor water park, and various parks and a library. And last but not least, located in the A+ Deer Valley School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

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

Hillcrest Middle School

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

$334,800$409,200$372,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,292
Property Tax -$222
Property Insurance -$58
HOA -$3
Property Management Fees -$99
CASH FLOW
-$224

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.

$372,000

PROJECTED PRICE

$1,450

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,330

INVESTMENT

$104,330

Down Payment
$93,000
Rehab Estimate
$5,750
Closing Costs
$5,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,000
Loan Amount $279,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5004$1,6505$1,799
$1,799
RENT COMPS ANALYSIS
  • 24002 N 36th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 3804 W Alameda Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1991
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 23852 N 36th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 24039 N 40th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1987
    property image
    LEASED 03/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 3561 W Chama Road Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1998
    property image
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.02
    •  
PROPERTY LISTING DETAILS
Stacey Calvert
Sentry Residential Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209163
Last Updated: 03/19/2021
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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