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5512 W Northview Avenue Glendale, AZ 85301

4 Beds 2 Baths 1,708 sqft Built 2007

$255,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $149.30
  • 4 Days on Market
  • MLS # : 6156696
  • Updated Date : 11/07/2020 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Amazing Az Homes

Listing Agent's Description

Amazing 4 bedroom home in the heart of downtown Glendale. This single story home was built in 2007 & features 4 bedrooms, 2 bathrooms, & 2 car garage on a 6,983 sq ft lot. TILE FLOORS THROUGHOUT the entire home. There is a spacious great room, kitchen w/pantry & eat-in dining. 4th bedroom w/double door entry and closet. Park your trucks, RVs, or outdoor toys behind the RV gate...there's no HOA. Enjoy a small-town neighborhood, and yet only be minutes away from all Glendale has to offer, including sports arenas, shopping, entertainment, and dining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Catlin Court Historic District

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: East Catlin Court Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6911567

* 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
Glendale Landmark Middle School Primary Regular 821 48 4
Glendale Landmark Middle School Middle Regular 821 48 4
Glendale High School High Regular 1,719 75 4

Glendale Landmark Middle School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 48
4
GreatSchools Rating

Glendale Landmark Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
4
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$229,500$280,500$255,000

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 -$941
Property Tax -$147
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$203

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.

$255,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.57%

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$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$41,010

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
  • $1,554

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3754$1,3955$1,795
$1,795
RENT COMPS ANALYSIS
  • 5512 W Northview Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6144 W Echo Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 5714 W Orchid Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 5458 W Augusta Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 7617 N 51st Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kathy Camamo
Amazing Az Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156696
Last Updated: 11/07/2020
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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