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6550 N 47th Avenue #192 Glendale, AZ 85301

3 Beds 3 Baths 1,364 sqft Built 1985

$159,500

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $116.94
  • 6 Days on Market
  • MLS # : 6161423
  • Updated Date : 11/20/2020 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bevco Properties, Llc

Listing Agent's Description

*PROPERTY IS STILL UNDER CONSTRUCTION BUT WILL BE %100 READY BY 11/23* AMAZING 3 BED TOWNHOUSE BACKED UP TO A BEAUTIFUL LAKE! BRAND NEW CARPET! FRESH INTERIOR PAINT! NEWER FIXTURES THROUGHOUT! ENJOY YOUR LARGE LIVING ROOM WITH A FIREPLACE OVERLOOKING THE LAKE! MINUTES FROM SHOPPING, DINING AND ENTERTAINMENT! THANKS FOR SHOWING!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryland Lakes Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $62k271k

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

Neighborhood: Maryland Lakes Condominiums

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Glenn F. Burton School Primary Regular 797 41 3
Glenn F. Burton School Middle Regular 797 41 3
Apollo High School High Regular 1,976 91 6

Glenn F. Burton School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Glenn F. Burton School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$143,550$175,450$159,500

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$588
Property Tax -$92
Property Insurance -$54
HOA -$220
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.

$159,500

PROJECTED PRICE

$1,070

PROJECTED RENT

0.67%

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

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$48,018

INVESTMENT

$48,018

Down Payment
$39,875
Rehab Estimate
$5,750
Closing Costs
$2,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$588

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,875
Loan Amount $119,625
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$10,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0703$1,1504$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 6550 N 47th Avenue #192 Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.78
    •  
  • 5959 N 48th Avenue Glendale, AZ 1
    • 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.87
    •  
  • 4722 W Rose Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.87
    •  
  • 5706 N 43rd Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,450 Sqft ∙ Built 1973
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 4775 W Palmaire Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Lucas Bevans
Bevco Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161423
Last Updated: 11/20/2020
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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