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9105 N 55th Avenue Glendale, AZ 85302

3 Beds 2 Baths 1,704 sqft Built 1974

$270,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $158.45
  • 5 Days on Market
  • MLS # : 6192358
  • Updated Date : 02/12/2021 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

NO HOA! This 3 bed, 2 bath property in Glendale is only a short drive away from the Community College, sports fields, and numerous restaurants, you simply won't find a better spot than this! This home is ready for you to make it your own with a great layout, new tile floors, 2 large living rooms, and formal dining room. The galley kitchen is equipped with ample cabinetry, pantry, tile backsplash, and charming breakfast bar. Large laundry room with extra storage located off kitchen. Master bedroom has a private bath with tub and spacious walk-in closet with sliding mirror doors. The expansive grassy backyard with large shade tree is a great place to spend a relaxing summer evening! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$938
Property Tax -$145
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$128

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.

$270,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.51%

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$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$28,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4503$1,5254$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 9105 N 55th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.80
    •  
  • 9615 N 49th Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 9051 N 49th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 5410 W Eva Street Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1973
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 5531 W Brown Street Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kirby Beaver
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192358
Last Updated: 02/12/2021
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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