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7601 N 45th Drive Glendale, AZ 85301

3 Beds 2 Baths 2,369 sqft Built 1971

$320,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $135.08
  • 2 Days on Market
  • MLS # : 6193943
  • Updated Date : 02/13/2021 at 22:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome home to this charming Mid-Century Modern-inspired property. This spacious single-story home boasts vaulted ceilings, an atrium, gas fireplace, formal dining, living, and great room, an en suite master with 3 closets (one walk-in), 2 additional bedrooms, 2nd bathroom with double sinks and tons of storage throughout. An extra large corner lot with a 3 car garage, rv gate and parking for all your toys, a covered patio and recently refinished pool round out this great home. It's in a friendly neighborhood, close to Historic downtown Glendale, the light rail and freeways. This wonderful home needs a little TLC and a great family to make it their own!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* 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
Apollo High School High Regular 1,976 91 6

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,111
Property Tax -$192
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$54

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.

$320,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$23,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4954$1,5355$1,595
$1,595
RENT COMPS ANALYSIS
  • 7601 N 45th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4624 W Keim Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1962
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.65
    •  
  • 5043 W Morten Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 1971
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.62
    •  
  • 4647 W Keim Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1962
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.64
    •  
  • 4639 W Ruth Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
PROPERTY LISTING DETAILS
Dorothy Read
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193943
Last Updated: 02/13/2021
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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