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8025 N 56th Drive Glendale, AZ 85302

4 Beds 2 Baths 2,160 sqft Built 2005

$355,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $164.35
  • 2 Days on Market
  • MLS # : 6187704
  • Updated Date : 01/30/2021 at 23:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full
Listing Agent

Everyday Investments Realty

Listing Agent's Description

This is a MUST SEE!! Single Level 2150 SQFT 4 BD 2BA 3 Car Garage. Beautiful ceramic tile, vaulted ceilings. Separate living and dining room, large eat in kitchen with island and walk in pantry. Master bath has a separate shower and garden tub, complete with walk in closets. This house is a diamond in the rough!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

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
Glendale High School High Regular 1,719 75 4

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$319,500$390,500$355,000

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 -$1,233
Property Tax -$195
Property Insurance -$69
HOA -$70
Property Management Fees -$99
CASH FLOW
-$97

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.

$355,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.44%

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-$4.0k-$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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,020

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
  • $1,793

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6954$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 8025 N 56th Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8812 N 57th Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.77
    •  
  • 6475 W Orchid Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
  • 7617 N 51st Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 5356 W Augusta Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Henry Carbeck
Everyday Investments Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187704
Last Updated: 01/30/2021
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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