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4036 W Bluefield Avenue Glendale, AZ 85308

2 Beds 2 Baths 1,512 sqft Built 1983

$269,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $178.51
  • 2 Days on Market
  • MLS # : 6173082
  • Updated Date : 12/19/2020 at 11:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,512 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Charming 2 bed, 2 bath has a spacious open floor plan with vaulted ceilings, and beautiful laminate wood floors. Neutral color palette , and Plantation Shutters. The family room has a cozy fireplace and access to the patio. The kitchen has breakfast bar seating, tile counters and oak cabinets. The laundry is off the kitchen. The master has a private entrance, walk-in closet and 3/4 bath. The backyard has a covered patio and two car tandem garage that opens to the backyard. Close to schools, shopping and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Mirage Elementary School Primary Regular 458 30 4
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mirage Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
4
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$996
Property Tax -$161
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$188

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.

$269,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$40,233

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
  • $1,542

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,250
$1,250
RENT COMPS ANALYSIS
  • 4036 W Bluefield Avenue Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17633 N Lindner Drive Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1980
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 18815 N 34th Avenue ##6 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1984
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
PROPERTY LISTING DETAILS
Tina Valiant
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173082
Last Updated: 12/19/2020
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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