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7141 N 53rd Avenue Glendale, AZ 85301

3 Beds 2 Baths 1,728 sqft Built 1955

$265,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $153.36
  • 2 Days on Market
  • MLS # : 6157674
  • Updated Date : 11/07/2020 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This 3 bedroom 2 bathroom Glendale home has potential. Attention investor's this is a FIXER UPPER!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Glendale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Downtown Glendale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6981567

* 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 Landmark Middle School Primary Regular 821 48 4
Glendale Landmark Middle School Middle Regular 821 48 4
Glendale High School High Regular 1,719 75 4

Glendale Landmark Middle School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 48
4
GreatSchools Rating

Glendale Landmark Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 48
4
GreatSchools Rating

Glendale High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$978
Property Tax -$152
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$80

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.

$265,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$27,630

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
  • $1,529

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3004$1,4505$1,695
$1,695
RENT COMPS ANALYSIS
  • 7141 N 53rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4775 W Palmaire Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 4913 W Maryland Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
  • 4601 W Northview Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 7301 N 48th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ronald E. Hendrix
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157674
Last Updated: 11/07/2020
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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