Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5809 N 63rd Avenue Glendale, AZ 85301

4 Beds 2 Baths 1,861 sqft Built 1959

$359,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $193.39
  • 1 Days on Market
  • MLS # : 6257565
  • Updated Date : 07/13/2021 at 19:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,861 sqft
  • Baths : 2 full
Listing Agent

North & Co

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
William C. Jack School Primary Regular 827 46 1
Glendale High School High Regular 1,719 75 4

William C. Jack School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 46
1
GreatSchools Rating

Glendale High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,250
Property Tax -$207
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$199

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.

$359,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,669

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4753$1,4994$1,879
$1,879
RENT COMPS ANALYSIS
  • 5809 N 63rd Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.76
    •  
  • 6941 W Vermont Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1977
    LEASED 03/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 5802 W Coolidge Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.89
    •  
  • 5212 N 69th Avenue Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1979
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,879
    • $0.92
    •  
PROPERTY LISTING DETAILS
Madison Hallock
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6257565
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy