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8511 N 64th Avenue Glendale, AZ 85302

4 Beds 3 Baths 1,835 sqft Built 2006

INVESTimate

$285,000

List Price

$1,540

$1,386 - $1,694

Rent Est.

$302,528  ( +6.15%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $155.31
  • 10 Days on Market
  • MLS # : 6118786
  • Updated Date : 08/21/2020 at 21:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,835 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Right Way

Listing Agent's Description

Freshly updated, spacious, 4 bed, 2.5 bath home in the desirable, family oriented, Tarrington Place community. Enjoy a premium lot with privacy and serene park views behind. Updates include: all new two tone interior paint, new carpet, new counter tops, new stainless appliances, new sinks and faucets and new blinds. Full 2 car garage with long driveway for additional parking. 4 bedrooms, laundry and 2 full baths upstairs, 1/2 bath downstairs. Vivant security system and doorbell included. The large community pool and playground add to the neighborhood appeal. Lock and leave, low maintenance yard. Convenient to shopping, dining, and GCC in the heart of Glendale. This home is clean and move in ready waiting to be made into the perfect family home.

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,386$1,694$1,540

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$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,052
Property Tax -$164
Property Insurance -$63
HOA -$85
Property Management Fees -$99
CASH FLOW
$78

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.

$285,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$27,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,4954$1,5155$1,540
$1,540
RENT COMPS ANALYSIS
  • 8511 N 64th Avenue Glendale, 5
    • 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.84
    •  
  • 8578 N 63rd Drive Glendale, 1
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6604 W Lawrence Lane Glendale, 2
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2001
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 8821 N 65th Drive Glendale, 3
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 6613 W Lawrence Lane Glendale, 4
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2001
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jabir K Algarawi
Realty Right Way
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118786
Last Updated: 08/21/2020
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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