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8826 N 46th Drive Glendale, AZ 85302

3 Beds 2 Baths 1,428 sqft Built 1980

$290,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $203.08
  • 2 Days on Market
  • MLS # : 6187807
  • Updated Date : 01/31/2021 at 02:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Single story 3 bedroom, 2 bathrooms 2 car Garage and Private Pool in Glendale,AZ 85302. Perfect starter home,large backyard .Great Location 2 miles to Glendale Community College,2.5 Miles to I-17 Freeway. 1 mile to Apollo High School, shopping and dining also near.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* 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
Apollo High School High Regular 1,976 91 6

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,007
Property Tax -$167
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$88

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

$1,240

PROJECTED RENT

0.43%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$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 50% 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

4

YEARS SAVED

$10,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,346

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2753$1,3004$1,3755$1,450
$1,450
RENT COMPS ANALYSIS
  • 8826 N 46th Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.87
    •  
  • 9123 N 44th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1971
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.97
    •  
  • 3921 W Barbara Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1977
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 9204 N 47th Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 8730 N 42nd Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Martha M Navarro
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187807
Last Updated: 01/31/2021
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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