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5843 N 63rd Avenue Glendale, AZ 85301

3 Beds 2 Baths 1,320 sqft Built 1959

$215,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $162.88
  • 2 Days on Market
  • MLS # : 6174620
  • Updated Date : 12/26/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Desert Heritage Real Estate

Listing Agent's Description

Wonderful opportunity in Glendale! Solid John F. Long home located close to historic downtown Glendale, Westgate, State Farm Stadium, Tanger Outlets, restaurants galore and much more. Easy access to public transportation. Huge back yard is ready for you to make it your own.

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
Don Mensendick School Primary Regular 1,000 47 2
Don Mensendick School Middle Regular 1,000 47 2
Glendale High School High Regular 1,719 75 4

Don Mensendick School

  • Education Level: Primary
  • # of students: 1,000
  • # of teachers: 47
2
GreatSchools Rating

Don Mensendick School

  • Education Level: Middle
  • # of students: 1,000
  • # of teachers: 47
2
GreatSchools Rating

Glendale High School

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

$193,500$236,500$215,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$793
Property Tax -$124
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$111

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.

$215,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$27,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,205

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,1953$1,2304$1,2955$1,299
$1,299
RENT COMPS ANALYSIS
  • 5843 N 63rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.89
    •  
  • 6952 W Rancho Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 6232 W Rose Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.93
    •  
  • 6731 N 65th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1977
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 6756 W Georgia Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
PROPERTY LISTING DETAILS
Catherine Foland
Desert Heritage Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174620
Last Updated: 12/26/2020
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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