Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8914 N 64th Lane Glendale, AZ 85302

2 Beds 2 Baths 1,085 sqft Built 1988

$249,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $229.49
  • 45 Days on Market
  • MLS # : 6187916
  • Updated Date : 03/19/2021 at 16:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,085 sqft
  • Baths : 2 full
Listing Agent

The Offer Company

Listing Agent's Description

Well cared for 2 bed/2 bath with open floor plan. Great location and community close to restaurants, shopping and GCC.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Country Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451567

* 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$865
Property Tax -$143
Property Insurance -$48
HOA -$6
Property Management Fees -$99
CASH FLOW
-$152

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.

$249,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,012

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9753$1,0104$1,1005$1,150
$1,150
RENT COMPS ANALYSIS
  • 8914 N 64th Lane Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,085 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,085 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.93
    •  
  • 6006 W Townley Avenue Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1980
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.93
    •  
  • 6004 W Golden Lane Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,026 Sqft ∙ Built 1972
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.95
    •  
  • 6625 W Mission Lane Glendale, AZ 4
    • 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,201 Sqft ∙ Built 1975
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 9439 N 59th Avenue #243 Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.93
    •  
PROPERTY LISTING DETAILS
Anette Brown
The Offer Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187916
Last Updated: 03/19/2021
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.

BESbswy