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6029 W Townley Avenue Glendale, AZ 85302

2 Beds 2 Baths 1,026 sqft Built 1980

$175,000

List Price

$970

$873 - $1.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $170.57
  • 6 Days on Market
  • MLS # : 6153487
  • Updated Date : 10/29/2020 at 16:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,026 sqft
  • Baths : 1 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Don't miss out on this amazing opportunity to own this 2bed/1.5bath townhome in a great Glendale location. Light and bright interior features tile flooring and a fluid open floorplan. Well appointed kitchen boasts white cabinetry and a tile backsplash. Nicely sized bedrooms with new plush carpet and ceiling fans. Enjoy mornings and evenings on your quaint back patio. Perfect for sipping coffee or a BBQ. Relax at the community's sparkling pool. Close to shopping, GCC, schools, dining and the Amazing Saguaro Ranch Park. See it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Olive Green Villas

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $58k271k

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

Neighborhood: Olive Green Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7051567

* 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
 

$157,500$192,500$175,000

PURCHASE PRICE

$873$1,067$970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $970
EXPENSES Loan Payment -$646
Property Tax -$101
Property Insurance -$47
HOA -$171
Property Management Fees -$99
CASH FLOW
-$93

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.

$175,000

PROJECTED PRICE

$970

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$3,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $970

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $967

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9703$9754$9955$1,100
$1,100
RENT COMPS ANALYSIS
  • 6029 W Townley Avenue Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $970
    • $0.95
    •  
  • 6006 W Townley Avenue Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.93
    •  
  • 6004 W Golden Lane Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1972
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.95
    •  
  • 6043 W Golden Lane Glendale, AZ 4
    • 2 beds 1 baths ∙ 1,026 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,026 Sqft ∙ Built 1972
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.97
    •  
  • 6625 W Mission Lane Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael Harris
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153487
Last Updated: 10/29/2020
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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