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3228 W Glendale Avenue #161 #172 Phoenix, AZ 85051

2 Beds 3 Baths 1,268 sqft Built 1987

$170,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $134.07
  • 3 Days on Market
  • MLS # : 6176113
  • Updated Date : 01/01/2021 at 17:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,268 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

CASH FLOW CASH FLOW CASH FLOWAmazing unit with COOL Basement Floorplan. UPGRADES Galore!! 2 Master Suites with 2 full bathrooms!! LARGE kitchen area/,LARGE BREAKFAST BAR, EXCELLENT LOCATION near GCU, Freeways and shopping close by AFFORDABLE HOA includes water trash & blanket insurance policy, Calling All First Time Home Buyers, Investors or Anyone looking for an reasonably priced Upgraded Home. Tenant with an expiring liease the end o April pays $1195. !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mulwood Springs

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $61k271k

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

Neighborhood: Mulwood Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7471567

* 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
Roadrunner Elementary School Primary Regular 797 35 4
Roadrunner Elementary School Middle Regular 797 35 4
Washington High School High Regular 1,714 73 4

Roadrunner Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Roadrunner Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$627
Property Tax -$101
Property Insurance -$52
HOA -$220
Property Management Fees -$99
CASH FLOW
$20

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.

$170,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$11,030

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
  • $1,141

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$8954$8955$1,195
$1,195
RENT COMPS ANALYSIS
  • 3228 W Glendale Avenue #161 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,268 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,268 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8049 N 32nd Lane Phoenix, AZ 2
    • 2 beds 2 baths ∙ 924 Sqft ∙ Built 1979 2 beds 2 baths ∙ 924 Sqft ∙ Built 1979
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.87
    •  
  • 2625 W Ocotillo Road #2 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.92
    •  
  • 2613 W Ocotillo Road #4 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.92
    •  
  • 3228 W Glendale Avenue #172 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1987
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.89
    •  
PROPERTY LISTING DETAILS
Winston Tease Jr
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176113
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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