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9803 N 50th Avenue Glendale, AZ 85302

3 Beds 2 Baths 2,038 sqft Built 1977

$375,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $184.00
  • 5 Days on Market
  • MLS # : 6186048
  • Updated Date : 01/28/2021 at 17:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 1 full , 1 half
Listing Agent

Arizona's Property Experts

Listing Agent's Description

************** PET ALERT********** THEY ARE FRIENDLY AS CAN BE. DO NOT LET THEM OUT. CLOSE DOORS BEHIND YOU SO THEY DONT WANDER.Beautiful Glendale Home that offers so much space and privacy. Newer roof , custom cabinets in the kitchen. This home has the private pool for the hot summer. Don't let this pass you bye wont last long.Showings available Monday through Friday 7am to 4:30pm and weekends via appointment.

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
Cholla Middle School Middle Regular 658 38 4
Apollo High School High Regular 1,976 91 6

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Apollo High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,303
Property Tax -$217
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$86

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.

$375,000

PROJECTED PRICE

$1,600

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7754$1,7995$1,896
$1,896
RENT COMPS ANALYSIS
  • 9803 N 50th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 4831 W Turquoise Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 4913 W Mercer Lane Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1974
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 4814 W Brown Street Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1973
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.95
    •  
  • 4643 W Mountain View Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1976
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,896
    • $0.93
    •  
PROPERTY LISTING DETAILS
Christina I Mathias
Arizona's Property Experts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186048
Last Updated: 01/28/2021
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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