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8710 N 57th Lane Glendale, AZ 85302

4 Beds 3 Baths 1,892 sqft Built 1998

$349,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $184.94
  • 1 Days on Market
  • MLS # : 6182191
  • Updated Date : 02/14/2021 at 02:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,892 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

BACK FROM SOLD! PRIDE OF OWNERSHIP. BEAUTIFUL RANDOLPH RANCH.THIS HOME IS TURN KEY., UPGRADES AND UPDATES COMPLETE.*NEW VINYL PLANK FLOORING INCLUDING WIDE BASEBOARDS DEC 2020*REMODELED MASTER SHOWER 2020* SOLAR 2019- OWNED UNIT, LOW LOW LOW UTILITY BILLS*ADDITIONAL ATTIC INSULATION 2020*.POOL RESURFACED 2017*KITCHEN REMODEL WITH GRANITE 2018*FAUX WOOD BLINDS*GAS FIRE PLACE*GAS RANGE OVEN*ALL APPLIANCES STAY*SECURITY CAMERAS*EXTERIOR PAINT DECEMBER 2020*4 BEDROOMS PLUS OFFICE,3 BATHS( 2 MASTER BEDROOMS) SINGLE LEVEL HOME WITH EZ ACCESS TO BUS LINE, FREEWAYS ,SHOPPING ,GOLF AND BEAUTIFUL PARKS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Randolph Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Randolph Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8021567

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,215
Property Tax -$201
Property Insurance -$64
HOA -$33
Property Management Fees -$99
CASH FLOW
-$132

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.

$349,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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$1.2M

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,713

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
  • $1,594

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5994$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 8710 N 57th Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5707 W Hatcher Road Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 6213 W Echo Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.90
    •  
  • 8819 N 57th Lane Glendale, AZ 4
    • 5 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999 5 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 6475 W Orchid Lane Glendale, AZ 5
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
PROPERTY LISTING DETAILS
Andrew J Kist
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182191
Last Updated: 02/14/2021
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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