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5768 W Alice Avenue Glendale, AZ 85302

3 Beds 2 Baths 1,427 sqft Built 1998

$319,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $224.18
  • 2 Days on Market
  • MLS # : 6163405
  • Updated Date : 11/20/2020 at 21:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,427 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow! Check out this stunning remodeled single story home in the heart of Glendale! This home offers a split floor plan and many modern updates such as new wood like tile throughout the kitchen and living room areas and bathrooms, all new carpet in the bedrooms, all new baseboards, fully updated kitchen and bathroom with cabinets painted in white and new granite counter tops, all new wood blinds, and all new modern lighting fixtures and fans throughout the entire home, one more plus is a huge walk in closet for the master bedroom! Also a gorgeous well kept mature backyard! All of this in a great location, centrally located, across the street from GCC and just minutes away from ASU west! Come take a tour today to notice the details that went into this remodel for yourself before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Randolph Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Randolph Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8021567

* 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 American School Primary Regular 791 39 3
Glendale American School Middle Regular 791 39 3
Glendale High School High Regular 1,719 75 4

Glendale American School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale American School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale High School

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

$287,910$351,890$319,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,180
Property Tax -$184
Property Insurance -$55
HOA -$33
Property Management Fees -$99
CASH FLOW
-$311

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.

$319,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,410

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
  • $1,327

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,3504$1,3755$1,375
$1,375
RENT COMPS ANALYSIS
  • 5768 W Alice Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8519 N 55th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1983
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.96
    •  
  • 5751 W Barbara Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1999
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 6144 W Echo Lane Glendale, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Edgar Chavez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163405
Last Updated: 11/20/2020
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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