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7322 W Aurelius Avenue Glendale, AZ 85303

3 Beds 3 Baths 2,002 sqft Built 2007

$299,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $149.35
  • 3 Days on Market
  • MLS # : 6165195
  • Updated Date : 11/27/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,002 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

An amazing home at a great price! This spacious two-story home is super clean and in fantastic condition. The owners have taken great care of it and made upgrades along the way such as a new water heater in 2018, backyard landscaping and a water softener in 2019, and a remodeled shower in 2020. All of the bedrooms are roomy, there is an extra den/office on the first floor, and a loft area upstairs. The bedrooms al have walk-in closets and plenty of storage room. Hang out in the spacious family room or in the backyard with pavers and artificial turf! Nice, quiet gated community with a community pool and spa. Conveniently located just a few miles from the Westgate Entertainment District and the University of PHX Stadium. Come see this home today!

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,103
Property Tax -$172
Property Insurance -$66
HOA -$105
Property Management Fees -$99
CASH FLOW
$25

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.

$299,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5704$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 7322 W Aurelius Avenue Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.78
    •  
  • 7441 W Fleetwood Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.81
    •  
  • 7326 W Midway Avenue Glendale, AZ 2
    • 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, AZ 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, AZ 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
Trevor J Hendrickson
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165195
Last Updated: 11/27/2020
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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