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9030 W Nicolet Avenue Glendale, AZ 85305

3 Beds 2 Baths 1,476 sqft Built 2013

$335,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $226.96
  • 2 Days on Market
  • MLS # : 6173206
  • Updated Date : 12/19/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,476 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WOWZA! Check out this fresh and fashionable single family detached, 3 bedroom, 2 bath home, conveniently located in Provence, a gated community, near the Westgate Entertainment District, and the University of Phoenix Stadium. Full Remodel in 2018!!! New Floors (entire home), Custom Kitchen, Custom Bathrooms, Crown Molding, Interior Paint (entire home & ceilings), Garage Paint (including ceiling),Water Softener, RO Drinking System, Garage Cabinets, Custom Patio Pergola installed, Garage Epoxy Floors, Garage Fridge, Synthetic Grass, Window Blinds throughout. The HOA maintains the streets and front yard landscaping and includes parks and a community pool. Low maintenance outdoor space and easy care themed home! Looks even better in person! To show is to sell! You will not be disappointed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Yucca

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Cotton Boll Elementary School Primary Regular 962 45 4
Cotton Boll Elementary School Middle Regular 962 45 4
Raymond S. Kellis High School High Regular 1,928 75 4

Cotton Boll Elementary School

  • Education Level: Primary
  • # of students: 962
  • # of teachers: 45
4
GreatSchools Rating

Cotton Boll Elementary School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 45
4
GreatSchools Rating

Raymond S. Kellis High School

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

$301,500$368,500$335,000

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 -$1,236
Property Tax -$179
Property Insurance -$56
HOA -$99
Property Management Fees -$99
CASH FLOW
-$219

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.

$335,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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-$6.0k-$4.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,221

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4493$1,4504$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 9030 W Nicolet Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 8748 W Echo Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2000
    property image
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 8950 W Ocotillo Road Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1996
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.82
    •  
  • 6745 N 93rd Avenue #1137 Glendale, AZ 4
    • 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
    •  
  • 9260 W Caron Circle Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
PROPERTY LISTING DETAILS
Steve J Werner
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173206
Last Updated: 12/19/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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