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1247 E Glenhaven Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,039 sqft Built 1990

$389,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $191.22
  • 5 Days on Market
  • MLS # : 6154066
  • Updated Date : 11/02/2020 at 10:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,039 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 4 bedroom 2.5 bath home in the heart of Ahwatukee offers a great neighborhood with fantastic views of the Foothills. Easy access to freeway, shopping, and countless outdoor activities. This two story has a open floor plan with a large kitchen that flows right to the Family Room. We're you'll relax next to your wood burning fire place. There is upgraded ceiling fans and 2'' blinds throughout. You'll really enjoy your backyard Oasis that has a covered patio, sparkling Pebble Tech play pool, and a nice size putting green to enjoy your days with. This is a must see!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,439
Property Tax -$278
Property Insurance -$67
HOA -$6
Property Management Fees -$99
CASH FLOW
$62

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.

$389,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$5.0k$10k$15k$20k

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$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9483$1,9504$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1247 E Glenhaven Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 1410 E Nighthawk Way Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 1204 E Silverwood Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1988
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,948
    • $0.96
    •  
  • 16612 S 14th Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1990
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 1018 E Hiddenview Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154066
Last Updated: 11/02/2020
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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