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7514 N 60th Avenue Glendale, AZ 85301

3 Beds 2 Baths 972 sqft Built 1945

$277,500

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $285.49
  • 3 Days on Market
  • MLS # : 6172610
  • Updated Date : 12/18/2020 at 02:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 972 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Location Location!! Historic Glendale fully remodeled home with guest house! You must check out this corner lot property consisting of a 3 bed, 1 bath main house along with a separate 1 bed, 1 bath guest house which includes its very own kitchenette! Also featuring low maintenance landscaping, 2 slab parking spaces, and a side entry RV Gate, you simply have to come see it for yourself! Step inside and you'll find spacious dining/living area, a gorgeous kitchen that is comprised of ample cabinetry with granite countertops and a lovely breakfast bar, perfect for home cooking. With spacious closets in each bedroom, and an expansive backyard with tons of potential for customization, this home simply has it all! Come Check it out before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
 

$249,750$305,250$277,500

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$1,024
Property Tax -$159
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$158

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.

$277,500

PROJECTED PRICE

$1,170

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,288

INVESTMENT

$79,288

Down Payment
$69,375
Rehab Estimate
$5,750
Closing Costs
$4,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,024

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,375
Loan Amount $208,125
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,170
$1,170
RENT COMPS ANALYSIS
  • 7514 N 60th Avenue Glendale, AZ
    • 3 beds 2 baths ∙ 972 Sqft ∙ Built 1945 3 beds 2 baths ∙ 972 Sqft ∙ Built 1945
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.20
    •  
PROPERTY LISTING DETAILS
Claudia Jara
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172610
Last Updated: 12/18/2020
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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