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6117 N 65th Avenue Glendale, AZ 85301

3 Beds 2 Baths 1,396 sqft Built 1960

$264,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $189.76
  • 3 Days on Market
  • MLS # : 6212208
  • Updated Date : 03/27/2021 at 20:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,396 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Cozy home! Ready for its new owner. Spacious 3 bed 2 bath with tile throughout. One car garage with large side entrances, and RV gate. Fresh paint, new water heater and move in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Bicentennial South School Primary Regular 674 36 2
Glendale High School High Regular 1,719 75 4

Bicentennial South School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
2
GreatSchools Rating

Glendale High School

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

$238,410$291,390$264,900

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 -$920
Property Tax -$152
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$46

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.

$264,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.45%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,194

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
  • $0.85

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,1953$1,2304$1,2755$1,299
$1,299
RENT COMPS ANALYSIS
  • 6117 N 65th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.85
    •  
  • 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
    •  
  • 6536 N 60th Avenue #--->> Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1950
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $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
Neila Garcia
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212208
Last Updated: 03/27/2021
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.

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