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8809 W Gardenia Avenue Glendale, AZ 85305

4 Beds 2 Baths 1,913 sqft Built 2004

$359,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $188.13
  • 4 Days on Market
  • MLS # : 6205808
  • Updated Date : 03/13/2021 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,913 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this beautiful home that is move-in-ready! This single level 4 bedroom home has been well maintained and is located just minutes from Westgate Entertainment District, Casino, shopping, dining and exciting nightlife! The home features fresh paint, amazing tile throughout the home with brand new plush carpet in all the right places. Spacious and open kitchen overlooking the living room with tons of natural light and sliding door access to the backyard. Relax on the back covered patio and in your low maintenance desert landscape that allows you to kick up your feet and enjoy the weekends! The master en-suite features a dual sink vanity, separate tub and stand up shower as well as a large walk-in closet! The time to buy is now! Don't miss this great opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rovey Farm Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Rovey Farm Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Raymond S. Kellis High School High Regular 1,928 75 4
Raymond S. Kellis High School High Unknown NA

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,250
Property Tax -$193
Property Insurance -$64
HOA -$67
Property Management Fees -$99
CASH FLOW
-$13

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.

$359,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6604$1,7995$1,850
$1,850
RENT COMPS ANALYSIS
  • 8809 W Gardenia Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.87
    •  
  • 6745 N 93rd Avenue #1137 Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2008
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 6512 N 85th Avenue Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 8841 W Maryland Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1992
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.86
    •  
  • 7226 N 84th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2005
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205808
Last Updated: 03/13/2021
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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