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4840 W Northern Avenue Glendale, AZ 85301

3 Beds 3 Baths 1,246 sqft Built 1982

$125,500

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $100.72
  • 6 Days on Market
  • MLS # : 6166390
  • Updated Date : 12/04/2020 at 06:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,246 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gentry Real Estate

Listing Agent's Description

3 bedroom, 2.5 bath, 1246 sq/ft, well maintained condo in complex with heated pool and mature trees. Great location off 51st Ave and Northern.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terrace Green

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $65k271k

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

Neighborhood: Terrace Green

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Apollo High School High Regular 1,976 91 6

Horizon School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Horizon School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$112,950$138,050$125,500

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$463
Property Tax -$81
Property Insurance -$52
HOA -$183
Property Management Fees -$99
CASH FLOW
$182

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.

$125,500

PROJECTED PRICE

$1,060

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$39,008

INVESTMENT

$39,008

Down Payment
$31,375
Rehab Estimate
$5,750
Closing Costs
$1,883

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$463

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $31,375
Loan Amount $94,125
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$25,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,060
1$1,0602$1,2003$1,2504$1,2995$1,395
$1,395
RENT COMPS ANALYSIS
  • 4840 W Northern Avenue Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,246 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.85
    •  
  • 8865 N 47th Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 4775 W Palmaire Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 4225 W State Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
  • 5458 W Augusta Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Don Juvan
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166390
Last Updated: 12/04/2020
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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