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7346 N 82nd Avenue Glendale, AZ 85303

4 Beds 3 Baths 2,629 sqft Built 2003

$399,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $152.11
  • 2 Days on Market
  • MLS # : 6160414
  • Updated Date : 11/14/2020 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,629 sqft
  • Baths : 3 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Don't miss this gorgeous 4 bed/ 3 bath Glendale home available in West Glenn Estates. Excellent community conveniently located near freeways, schools, shopping and restaurants. You will fall in love with the ideal floor plan offering elegant formal living and dining areas as well as a separate spacious family room with a built in entertainment center. Open kitchen with granite counters and an island. Beautiful ceramic tile flooring in all downstairs common areas. Large loft upstairs. Master retreat includes a private ensuite with separate soaking tub and shower. 3 car garage. Huge backyard is complete with a covered patio and sprawling grassy area. It's the perfect spot for pets, play, entertaining and more. This is a must see home that won't last long. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Glenn Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k299k

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

Neighborhood: West Glenn Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8621596

* 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
Sunset Vista School Primary Regular 949 50 3
Sunset Vista School Middle Regular 949 50 3
Independence High School High Regular 2,011 89 3

Sunset Vista School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 50
3
GreatSchools Rating

Sunset Vista School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 50
3
GreatSchools Rating

Independence High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,475
Property Tax -$230
Property Insurance -$78
HOA -$15
Property Management Fees -$99
CASH FLOW
-$218

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.

$399,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.42%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7503$1,8954$1,8995$1,950
$1,950
RENT COMPS ANALYSIS
  • 7346 N 82nd Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.64
    •  
  • 8258 W Nicolet Avenue Glendale, AZ 2
    • 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2003
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 8856 W Frier Drive Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,693 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,693 Sqft ∙ Built 2004
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 8762 W State Avenue Glendale, AZ 4
    • 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2004
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.68
    •  
  • 8805 W Gardenia Avenue Glendale, AZ 5
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kathleen Ticknor
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160414
Last Updated: 11/14/2020
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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