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8509 N 64th Lane Glendale, AZ 85302

4 Beds 3 Baths 2,509 sqft Built 2006

$325,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $129.53
  • 3 Days on Market
  • MLS # : 6160331
  • Updated Date : 11/14/2020 at 18:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,509 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Lovely 4 bed, 2.5 bath two-story home. Formal living & dining. Soft color palette. Tile floors throughout the main level. Open floor plan for the kitchen, dining and family room. The eat-in kitchen has cherry cabinets, beautiful granite counters, island, SS appliances and a pantry. Powder room downstairs. Loft area has many possibilities. Generous sized bedrooms. Master has double door entry, full bath and walk-in closet. Covered patio. Easy access to schools, shopping and the US 60.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tarrington Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k338k

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

Neighborhood: Tarrington Place

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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Glendale High School High Regular 1,719 75 4

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

Glendale High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,199
Property Tax -$187
Property Insurance -$76
HOA -$85
Property Management Fees -$99
CASH FLOW
-$136

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.

$325,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,148

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
  • $1,662

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,5754$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 8509 N 64th Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6458 W Freeway Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2006
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.67
    •  
  • 8505 N 64th Lane Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 8806 N 67th Lane Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.63
    •  
  • 6456 W Orchid Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
PROPERTY LISTING DETAILS
Christa Senft
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160331
Last Updated: 11/14/2020
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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