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14216 N 45th Drive Glendale, AZ 85306

5 Beds 2 Baths 1,965 sqft Built 1986

$365,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $185.75
  • 3 Days on Market
  • MLS # : 6189894
  • Updated Date : 02/12/2021 at 21:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,965 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

A WONDERFUL OPPORTUNITY FOR THE LUCKY BUYER TO PERSONALIZE THIS HOME WITH COLOR TO THEIR LIKING. PROPERTY TO BE SOLD AS IS, SELLER PROVIDING HOME WARRANTY. WASHER, DRYER, FRIG, RANGE ALL CONVEY THIS 1/4 ACRE CUL DE SAC LOT FEELS LIKE COUNTRY LIVING. PLENTY OF ROOM TO ADD A POOL AND HUGE GARAGE.WONT LAST LONG.HAS AN AREA FOR A 3RD BATH.THERE IS AN RV GATE TO THE MASSIVE BACKYARD.NEWER ROOF AND AC COMPRESSOR.NO POPCORN,NEW FANS.NEW GRANITE GOING IN NEXT WEEK,NEW BLINDS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hearn Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k314k

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

Neighborhood: Hearn Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9521715

* 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
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,268
Property Tax -$223
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$44

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.

$365,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7003$1,8004$1,8255$1,905
$1,905
RENT COMPS ANALYSIS
  • 14216 N 45th Drive Glendale, AZ 2
    • 5 beds 2 baths ∙ 1,965 Sqft ∙ Built 1986 5 beds 2 baths ∙ 1,965 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 4007 W Rue De Lamour Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 15234 N 51st Drive Glendale, AZ 4
    • 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 4315 W Redfield Road Glendale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Karen M. Dunston
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189894
Last Updated: 02/12/2021
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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