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8037 N 45th Avenue Glendale, AZ 85302

3 Beds 2 Baths 1,730 sqft Built 1966

INVESTimate

$275,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$300,878  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $158.96
  • 6 Days on Market
  • MLS # : 6120768
  • Updated Date : 08/22/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

Beautiful single-story brick home located in a prime location near schools, parks, entertainment, the interstate 17, and located in a community with NO HOA. Home includes a 2 car garage, private front entrance, RV gate, laundry room, updated restrooms, dual pane windows, tile, and wood laminate flooring throughout plus a formal dining area, and a large updated kitchen! The kitchen includes plenty of cabinetry and counter space, beautiful backsplash, stainless steel built-in microwave, and a window with a view to the backyard! Enjoy a double door exit to the large backyard retreat with an extended patio, large fenced diving pool, storage shed, and plenty of additional grass space with 2 fruit trees, plus so much more!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k301k

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

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8831567

* 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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Apollo High School High Regular 1,976 91 6

Horizon School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Horizon School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Apollo High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,015
Property Tax -$158
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$23

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2953$1,3104$1,3995$1,499
$1,499
RENT COMPS ANALYSIS
  • 8037 N 45th Avenue Glendale, 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.76
    •  
  • 4039 W El Caminito Drive Phoenix, 1
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 4141 W Orchid Lane Phoenix, 2
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 4121 W Griswold Road Phoenix, 4
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1966
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.85
    •  
  • 4134 W Las Palmaritas Drive Phoenix, 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
PROPERTY LISTING DETAILS
Alan Kushmakov
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120768
Last Updated: 08/22/2020
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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