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7239 W Claremont Street Glendale, AZ 85303

3 Beds 2 Baths 1,410 sqft Built 1971

$300,000

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $212.77
  • 3 Days on Market
  • MLS # : 6203079
  • Updated Date : 03/05/2021 at 20:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Come see this absolutely GORGEOUS single story corner home in Glendale. NO HOA!! This beautiful home features 3 bedrooms, 2 baths, 1 car garage & a spacious backyard with grass! New Dual Pane Windows, Wood plank tile flooring in common areas & brand-new carpet in bedrooms! New interior & exterior paint! Open kitchen w/ White shaker cabinetry, quartz counters, tile backsplash, breakfast bar & new stainless steel appliances. Master suite has 3/4 ensuite bathroom with custom tile shower, new vanity & dual flush toilet! Washer & Dryer hookups in garage. Backyard has large lawn and plenty of room to entertain. Come see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7911567

* 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
Independence High School High Regular 2,011 89 3

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$1,042
Property Tax -$172
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$308

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.

$300,000

PROJECTED PRICE

$1,060

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) -17.4%
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-$50k$0.0$50k$100k$150k$200k$250k$300k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,096

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0603$1,2954$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 7239 W Claremont Street Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.75
    •  
  • 6740 N 65th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1976
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.75
    •  
  • 6532 N 74th Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1987
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 6804 W San Miguel Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1972
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 7371 W Colter Street Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Elmon Krupnik
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203079
Last Updated: 03/05/2021
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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