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18244 N 43rd Drive Glendale, AZ 85308

4 Beds 3 Baths 2,405 sqft Built 1980

$425,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $176.72
  • 3 Days on Market
  • MLS # : 6203835
  • Updated Date : 03/19/2021 at 15:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,405 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

NEW APPLIANCES CONVEY! Family home on one of only 13 oversized lots in Bellair. Private pool PLUS Bellair Community Pool right down the street! Owned Solar Panels help with significantly reduced electric bills - American Solar. Storage shed provides extra storage, in addition to the spacious 3-car garage. New paint both interior and exterior. Hot Water heater replaced 2017, Pool filter replaced 2021, Dual Pane windows throughout. RV gate and pad. This home sits within minutes of Loop 101 access, I-17 access and P-83 District. Bellair is a quiet, protected, suburban pocket with great access to all that Metro Phoenix has to offer.

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
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,476
Property Tax -$253
Property Insurance -$74
HOA -$89
Property Management Fees -$99
CASH FLOW
-$322

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.

$425,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.39%

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

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6504$1,8155$1,999
$1,999
RENT COMPS ANALYSIS
  • 18244 N 43rd Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17214 N 49th Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 4743 W Topeka Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1995
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 4339 W Julie Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.78
    •  
  • 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
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sean D Bell
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203835
Last Updated: 03/19/2021
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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