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8521 N 53rd Drive Glendale, AZ 85302

3 Beds 2 Baths 1,681 sqft Built 1982

$300,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $178.47
  • 7 Days on Market
  • MLS # : 6174334
  • Updated Date : 01/06/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,681 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Beautifully maintained home on a large lot with a pool! Immediately feel welcomed as you walk up the extended driveway to the front patio. The interior is filled with light & offers an open floorplan for effortless entertaining. Updated wood-look flooring throughout. A well-equipped kitchen features tiled backsplash, SS appliances & bar seating. Adjacent to the kitchen is a spacious dining room complete with a cozy wood-burning fireplace. Roomy additional bedrooms & updated guest bath with tiled shower surround. Terrific master bedroom boasts a private ensuite with double sinks & tiled walk-in shower. In-garage laundry has cabinets for storage & a sink! Big backyard with grass, RV gate, storage unit & refreshing pool! Incredible opportunity for anyone looking in the area. See it today!

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 American School Primary Regular 791 39 3
Glendale American School Middle Regular 791 39 3
Glendale High School High Regular 1,719 75 4

Glendale American School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale American School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,042
Property Tax -$172
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$67

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.

$300,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,4404$1,5255$1,695
$1,695
RENT COMPS ANALYSIS
  • 8521 N 53rd Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.86
    •  
  • 9003 N 53rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1974
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 5714 W Orchid Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 9051 N 49th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 5410 W Eva Street Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Matthew Dixon
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174334
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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