Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20020 N 44th Lane Glendale, AZ 85308

3 Beds 2 Baths 1,413 sqft Built 1988

$289,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $205.17
  • 1 Days on Market
  • MLS # : 6160773
  • Updated Date : 11/14/2020 at 17:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,413 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in Glendale, this 3 bed, 2 bath property boasts a charming facade with a 2 car garage and **NEW PAINT, NEW FLOORING, NEW APPLIANCES** The elegant interior features an open floor plan with vaulted ceilings and neutral paint throughout. The fabulous kitchen offers ample cabinet and counter space with all the high-end appliances you need for home cooking, and a charming breakfast bar. You'll love the beautiful master bedroom, with its full bath, spacious walk-in closet, and private exit. The cozy backyard, with its grassy landscaping and covered patio, is perfect for kicking back and relaxing after a hard day's work! The good ones never last, hurry and schedule a showing today!

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,070
Property Tax -$173
Property Insurance -$55
HOA -$4
Property Management Fees -$99
CASH FLOW
$40

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.

$289,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.50%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,438

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4993$1,5004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 20020 N 44th Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.02
    •  
  • 4514 W Kristal Way Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 4764 W Wahalla Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 4472 W Tonto Road Glendale, AZ 4
    • 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
    •  
  • 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
Patrick Halpine
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160773
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.

BESbswy