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8553 N 63rd Drive Glendale, AZ 85302

3 Beds 3 Baths 1,874 sqft Built 2007

$290,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $154.75
  • 6 Days on Market
  • MLS # : 6185924
  • Updated Date : 01/27/2021 at 00:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full , 1 half
Listing Agent

Af Realty

Listing Agent's Description

BEUTIFUL HOME LOCATED IN GLENDALE.

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
Glendale High School High Regular 1,719 75 4

Glendale High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,007
Property Tax -$167
Property Insurance -$64
HOA -$85
Property Management Fees -$99
CASH FLOW
$28

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.

$290,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,509

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
  • $1,546

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4954$1,5005$1,599
$1,599
RENT COMPS ANALYSIS
  • 8553 N 63rd Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8578 N 63rd Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2007
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 8821 N 65th Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 8808 N 67th Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 6213 W Echo Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999
    property image
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.90
    •  
PROPERTY LISTING DETAILS
Adrian Luna
Af Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185924
Last Updated: 01/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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