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12817 N 44th Lane Glendale, AZ 85304

3 Beds 2 Baths 1,977 sqft Built 1978

$304,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $154.22
  • 3 Days on Market
  • MLS # : 6186303
  • Updated Date : 01/31/2021 at 03:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,977 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

LARGE 3 BEDROOM HOME ON PRIVATE CUL-DE-SAC! NO HOA! RV GATE. At 1,977 SF, this classic block home on a BIG LOT features separate family room, living room, and dining room. Master bedroom boasts en suite bathroom. Home is CLEAN, ORIGINAL, and WELL-MAINTAINED. Also features in-door laundry, 2 car garage WITH WALL AC UNIT and storage, and storage shed. Don't miss out on making this low-maintenance home your own!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newcastle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k282k

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

Neighborhood: Newcastle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521594

* 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
Moon Valley High School High Regular 1,479 70 5

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,059
Property Tax -$191
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$216

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$304,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$39,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6303$1,8494$1,9055$1,995
$1,995
RENT COMPS ANALYSIS
  • 12817 N 44th Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.82
    •  
  • 12427 N 49th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.78
    •  
  • 4726 W Poinsettia Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.95
    •  
  • 4315 W Redfield Road Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,905
    • $0.91
    •  
  • 3745 W Willow Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Allison Salcido
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186303
Last Updated: 01/31/2021
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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