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6538 W Turquoise Avenue Glendale, AZ 85302

4 Beds 2 Baths 1,963 sqft Built 1985

$350,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $178.30
  • 3 Days on Market
  • MLS # : 6196562
  • Updated Date : 02/20/2021 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Close to Glendale Community College, this beautiful single level home falls within the desirable Peoria School District! Kitchen is upgraded with custom cabinets, backsplash, breakfast bar, pendant lights and gorgeous slate appliances - no fingerprints! Family room with brick fireplace, separate dining room, large spacious living room with custom bar - great for entertaining! French Doors in MBR with views of the sparkling pool and palm trees! Double sinks in both baths. Plenty of storage including cabinets in garage and in the over-sized laundry room. Tile flooring throughout, vaulted ceilings, desirable North/South exposure, RV gate and no HOA! This one checks all of the boxes!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,216
Property Tax -$187
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$17

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.

$350,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,639

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5003$1,5504$1,6005$1,825
$1,825
RENT COMPS ANALYSIS
  • 6538 W Turquoise Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 6607 W Mountain View Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 8808 N 67th Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 6111 W North Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1986
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 6513 W Turquoise Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
PROPERTY LISTING DETAILS
Angela R Gandolfo-martinez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196562
Last Updated: 02/20/2021
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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