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12908 W Flynn Lane Glendale, AZ 85307

4 Beds 3 Baths 2,016 sqft Built 2016

$355,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $176.09
  • 29 Days on Market
  • MLS # : 6176563
  • Updated Date : 01/29/2021 at 22:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,016 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful highly upgraded home located in the Solare Ranch community! You will love the marvelous great room concept floor plan that is perfect for entertainment and is pre-wired for a surround sound system. This home boasts 4 bedrooms and 3 full baths including a front bedroom and bath ideal for guests! The eat-in kitchen offers granite counters, large breakfast bar, USB outlets, stainless steel appliances, pantry, and plenty of cabinets. Split main suite has it's own master bath comprised of rain shower, his & her sinks, makeup vanity, and walk-in closet. Fabulous backyard features synthetic grass area, outlets at the eves, covered patio, and circular paved area perfect for a firepit or gazebo. This home shows like a model! Stop by today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85307

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Zip Code: 85307

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8291567

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,233
Property Tax -$223
Property Insurance -$66
HOA -$98
Property Management Fees -$99
CASH FLOW
$40

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.

$355,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$1.2M$1.4M

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$23,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,6004$1,6755$1,760
$1,760
RENT COMPS ANALYSIS
  • 12908 W Flynn Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.87
    •  
  • 12909 W Fleetwood Lane Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2005
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
  • 12907 W Lawrence Court Glendale, AZ 2
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
  • 13224 W Stella Lane Litchfield Park, AZ 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 6744 N 129th Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2006
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
PROPERTY LISTING DETAILS
Brittany A. Brown
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176563
Last Updated: 01/29/2021
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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