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5738 N 46th Avenue Glendale, AZ 85301

3 Beds 2 Baths 1,444 sqft Built 1972

$279,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $193.21
  • 2 Days on Market
  • MLS # : 6165549
  • Updated Date : 11/28/2020 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Move in ready! 3/2 in west Phoenix has been completely made over. New floors with upgraded fans and fixtures throughout this spacious home. Open kitchen has new stainless steel appliances, designer soft close cabinets, quartz countertops and can lighting. Exterior has large, covered patio, seperate workshop, RV garage and plenty of space for a garden and outdoor entertaining. New water heater and lots of extras. This one will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bethany Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Bethany Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8401567

* 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
Carol G. Peck Elementary School Primary Regular 671 26 3
Barcelona Middle School Middle Regular 700 29 2
Alhambra High School High Regular 2,770 139 3

Carol G. Peck Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 26
3
GreatSchools Rating

Barcelona Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 29
2
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$1,029
Property Tax -$181
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$235

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.

$279,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.6%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,499

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
  • $1,206

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1753$1,2004$1,2105$1,395
$1,395
RENT COMPS ANALYSIS
  • 5738 N 46th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6604 N 43rd Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.83
    •  
  • 5706 N 43rd Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 4251 W Keim Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 5732 N 41st Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1966
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
PROPERTY LISTING DETAILS
John T Angelo
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165549
Last Updated: 11/28/2020
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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