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9443 N 63rd Drive Glendale, AZ 85302

3 Beds 2 Baths 2,000 sqft Built 1979

$350,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $175.00
  • 3 Days on Market
  • MLS # : 6187506
  • Updated Date : 01/30/2021 at 00:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Location, location, location! Take a look at this beautiful single level home now available in desirable Glendale. The house includes an easy care gravel landscaping and RV gate. From the moment you walk in, you are greeted with lovely laminate flooring and an incredible stone fireplace perfect for this winter. Continue into this spotless eat-in kitchen equipped with SS appliances, fluorescent lighting, back-splash, and walk-in pantry with sliding-barn door. The Arizona room is near the kitchen for all your convenience. Immaculate master bedroom includes it's own private exit, mirrored closet, and lavish en-suite. This very private backyard offers a Ramada, RV gate, storage shed, and sparkling blue pool, making it the perfect place for gatherings. What are you waiting for? Start calling!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro Park West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sahuaro Park West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7661567

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,216
Property Tax -$187
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$138

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.

$350,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5004$1,6005$1,825
$1,825
RENT COMPS ANALYSIS
  • 9443 N 63rd Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8821 N 65th Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 8808 N 67th Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 6111 W North Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1986
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 6513 W Turquoise Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
PROPERTY LISTING DETAILS
Otley Smith
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187506
Last Updated: 01/30/2021
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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