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8312 W Palmaire Avenue Glendale, AZ 85305

4 Beds 2 Baths 2,026 sqft Built 2020

$375,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $185.09
  • 7 Days on Market
  • MLS # : 6175084
  • Updated Date : 12/30/2020 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,026 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Perfectly located newly built home with tons of upgrades including granite counters, beautiful tile, stainless steel appliances, vaulted ceilings throughout the house and in the garage, just too much to list! Premium lot located on a quiet cul-de-sac, close to the Cardinal's Stadium, entertainment, restaurants, shopping and best of all move in ready!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85305

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k290k

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

Zip Code: 85305

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9521602

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,384
Property Tax -$201
Property Insurance -$67
HOA -$107
Property Management Fees -$99
CASH FLOW
-$107

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

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$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$101,375

INVESTMENT

$101,375

Down Payment
$93,750
Rehab Estimate
$2,000
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,404

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
  • $1,717

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7504$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 8312 W Palmaire Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7760 W Nicolet Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 8800 W Hayward Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 8407 W Myrtle Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 2005
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 7226 N 84th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
David Medina
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175084
Last Updated: 12/30/2020
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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