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17221 N Sandtrap Court Glendale, AZ 85308

4 Beds 2 Baths 1,906 sqft Built 1978

$355,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $186.25
  • 3 Days on Market
  • MLS # : 6158202
  • Updated Date : 11/21/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

OWNED solar included! $20,000 solar panel system is paid off and staying with the home. This is approx 75%+ savings on electricity each month! Must see this updated home with plantation shutters, upgraded flooring, new water heater, newer roof, RO system, water softener, newer A/C and so much more! The kitchen features top of the line granite countertops, tile backsplash, matching stainless steel appliances, double oven, and under cabinet lighting. Oversized lot in a cul de sac, boasting a covered patio with ceiling fan and roll up shades, misters, gazebo, diving pool, garden, desert garden, grassy area and a play structure. This home is located in the amazing and highly desirable Bellair community that includes pools, sports courts, playgrounds, walking paths and nearby schools.

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
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,310
Property Tax -$212
Property Insurance -$64
HOA -$84
Property Management Fees -$99
CASH FLOW
-$149

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.

$355,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,6204$1,6505$1,945
$1,945
RENT COMPS ANALYSIS
  • 17221 N Sandtrap Court Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.85
    •  
  • 16614 N 46th Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1983
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 18020 N 45th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 16410 N 47th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1985
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4924 W Villa Rita Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1981
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158202
Last Updated: 11/21/2020
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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