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19422 N 43rd Drive Glendale, AZ 85308

3 Beds 3 Baths 1,504 sqft Built 1988

$281,200

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $186.97
  • 3 Days on Market
  • MLS # : 6165256
  • Updated Date : 11/27/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,504 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this welcoming 3 bedroom, 2.5 bathroom Glendale home with no HOA! This lovely home sits on a corner lot and boasts fresh exterior paint. Inside, you'll love the vaulted ceilings which amplify and brighten the space. You'll enjoy cooking in the kitchen with stainless steel appliances and traditional wood cabinets. Head on up to the second floor to explore the primary bedroom which has the essential en suite bathroom. In the backyard, the covered patio will become your go-to spot to hang out and get some fresh air! This home is in a great school district and has convenient access to the 101 and I-17 for easy commuting!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $102k271k

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

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9351567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
GreatSchools Rating

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
 

$253,080$309,320$281,200

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,038
Property Tax -$168
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$89

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.

$281,200

PROJECTED PRICE

$1,450

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,268

INVESTMENT

$80,268

Down Payment
$70,300
Rehab Estimate
$5,750
Closing Costs
$4,218

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,038

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,300
Loan Amount $210,900
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$30,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,594

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,6004$1,6495$1,650
$1,650
RENT COMPS ANALYSIS
  • 19422 N 43rd Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 4332 W Topeka Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1985
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
  • 4472 W Tonto Road Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1985
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 4607 W Morrow Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,572 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,572 Sqft ∙ Built 1983
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.05
    •  
  • 4514 W Wahalla Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
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 #: 6165256
Last Updated: 11/27/2020
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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