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6338 W Tuckey Lane Glendale, AZ 85301

3 Beds 2 Baths 1,292 sqft Built 1953

$179,900

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $139.24
  • 3 Days on Market
  • MLS # : 6167529
  • Updated Date : 12/03/2020 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Tierra Bella Realty

Listing Agent's Description

**NOT FOR RENT** FIXER UPPER** INVESTOR SPECIAL** BLOCK HOME ** This home sits on a cozy little street and the neighbors seem to look out for each other. This nice 3 bedroom/1.75 baths block home has all bedrooms on one side of the home and kitchen and living room on the other side. The master bedroom is spacious and has it's own linen closet. The front and backyard are spacious. The backyard has a detached storage/workshop room is surrounded by lots of vegetation. Needs a little clean up and elbow grease but will look super attractive once that's done. Should be a fun project, great investment opportunity for the lucky person who snags it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuckey Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Tuckey Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6891567

* 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
Harold W. Smith School Primary Regular 930 47 3
Harold W. Smith School Middle Regular 930 47 3
Glendale High School High Regular 1,719 75 4

Harold W. Smith School

  • Education Level: Primary
  • # of students: 930
  • # of teachers: 47
3
GreatSchools Rating

Harold W. Smith School

  • Education Level: Middle
  • # of students: 930
  • # of teachers: 47
3
GreatSchools Rating

Glendale High School

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

$161,910$197,890$179,900

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$664
Property Tax -$103
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$112

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.

$179,900

PROJECTED PRICE

$1,030

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

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$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$24,747

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
  • $1,163

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,1954$1,2305$1,299
$1,299
RENT COMPS ANALYSIS
  • 6338 W Tuckey Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5036 W Ocotillo Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.86
    •  
  • 6952 W Rancho Drive Glendale, AZ 3
    • 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 4
    • 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
    •  
  • 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
Aaron Saenz
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167529
Last Updated: 12/03/2020
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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