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17211 N Lindner Drive Glendale, AZ 85308

4 Beds 3 Baths 2,563 sqft Built 1978

$364,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $142.37
  • 2 Days on Market
  • MLS # : 6160675
  • Updated Date : 11/14/2020 at 15:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,563 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Spectacular 2563 square foot 2 story home with 4 bedrooms and 2.5 baths. Updated through out. Large lot boasts a heated spa and pool. The kitchen was completely remodeled with granite counter tops and stainless steel appliances. The spacious master bedroom has it's own luxurious master bath. Carpets and tile in all the right places. A/C new in 2013 and roof in 2011. Freshly painted inside and out! HURRY!! This one won't last. CALL for your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellair

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Bellair

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Bellair Elementary School Primary Regular 475 30 6
Bellair Elementary School Middle Regular 475 30 6
Deer Valley High School High Regular 1,854 95 5

Bellair Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Bellair Elementary School

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,346
Property Tax -$217
Property Insurance -$77
HOA -$85
Property Management Fees -$99
CASH FLOW
-$5

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.

$364,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$23,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6953$1,8204$1,9505$1,999
$1,999
RENT COMPS ANALYSIS
  • 17211 N Lindner Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.71
    •  
  • 17214 N 49th Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 4951 W Joyce Circle Glendale, AZ 2
    • 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 5385 W Michelle Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 4548 W Villa Theresa Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.76
    •  
PROPERTY LISTING DETAILS
Leonard Clementi
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160675
Last Updated: 11/14/2020
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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