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24213 N 41st Avenue Glendale, AZ 85310

3 Beds 2 Baths 1,959 sqft Built 1989

$375,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $191.42
  • 3 Days on Market
  • MLS # : 6202428
  • Updated Date : 03/05/2021 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,959 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Cute, light, and bright throughout! This 3 bed, 2 bath home with a split plan has a pretty formal dining room and TWO separate living spaces. The kitchen with solid surface countertops overlooks the living room with remote controlled gas fireplace! . February 2021 updates include new bathroom countertop, lighting, mirror, professional interior and exterior paint throughout. Built-in shed and freestanding storage. RV gate too! The covered patio leads to a pretty outdoor wooden gazebo that opens the opportunity to use the backyard as a wonderful outdoor dining area. Refrigerator, washer, dryer convey with the property. Home has been professionally cleaned. Roof is original to the property. New HVAC system installed 2016. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Adobe Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Adobe Hills

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,303
Property Tax -$223
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$150

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.

$375,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$35,213

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
  • $1,856

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8004$1,8455$2,075
$2,075
RENT COMPS ANALYSIS
  • 24213 N 41st Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4202 W Soft Wind Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 4232 W Soft Wind Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1989
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 4128 W Whispering Wind Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.88
    •  
  • 4050 W Avenida Del Sol Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.99
    •  
PROPERTY LISTING DETAILS
Christy Colberg
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202428
Last Updated: 03/05/2021
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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