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7253 W Aurelius Avenue Glendale, AZ 85303

4 Beds 3 Baths 2,047 sqft Built 2011

INVESTimate

$294,950

List Price

$1,460

$1,314 - $1,606

Rent Est.

$320,847  ( +8.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $144.09
  • 5 Days on Market
  • MLS # : 6121243
  • Updated Date : 08/22/2020 at 10:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,047 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Great opportunity to live in one of Glendale's most beautiful gated community: Westglen Villas! Residents of the neighborhood have access to a private park, children's playground, fitness center, and community pool. This two-level home offers almost 2,100 square feet of living space which features a spacious family room with vaulted ceilings, a large and bright living room, four big bedrooms, three-bathrooms, and a beautiful kitchen with upgraded cabinets and designer counter-tops. You will love the huge master-suite with vaulted ceilings, large walk-in closet, and spacious master bathroom with double-sinks and separate shower and tub. Low maintenance back yard with large covered patio and xeroscape landscaping. Details include fresh paint, new carpet, and ceiling fans throughout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westglen Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Westglen Villas

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
Desert Spirit School Primary Regular 916 45 2
Desert Spirit School Middle Regular 916 45 2
Independence High School High Regular 2,011 89 3

Desert Spirit School

  • Education Level: Primary
  • # of students: 916
  • # of teachers: 45
2
GreatSchools Rating

Desert Spirit School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 45
2
GreatSchools Rating

Independence High School

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

$265,455$324,445$294,950

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,088
Property Tax -$169
Property Insurance -$67
HOA -$104
Property Management Fees -$99
CASH FLOW
-$68

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.

$294,950

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.78%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,912

INVESTMENT

$83,912

Down Payment
$73,738
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,738
Loan Amount $221,213
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5503$1,5504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 7253 W Aurelius Avenue Glendale, 1
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.71
    •  
  • 7269 W Aurelius Avenue Glendale, 2
    • 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2011
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 7326 W Midway Avenue Glendale, 3
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2008
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 7117 N 73rd Drive Glendale, 4
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 7310 W Aurelius Avenue Glendale, 5
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
PROPERTY LISTING DETAILS
Tony C Doan
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121243
Last Updated: 08/22/2020
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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