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20032 N 44th Avenue Glendale, AZ 85308

4 Beds 3 Baths 2,616 sqft Built 1988

$400,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $152.91
  • 2 Days on Market
  • MLS # : 6194038
  • Updated Date : 02/13/2021 at 20:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,616 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

INVESTMENT OPPORTUNITY property for fix-and-flip or purchase for handyman. This property has lots of potential to be renovated and turned in to an income property or another impressive home in neighborhood. There's loads of room, 4 story floorplan and 8 car driveway parking. RV gate with cement slab and mountain views.TAX RECORDS DO NOT REFLECT THE 693 FT BASEMENT. 3309 TOTAL SQ FT!! This is 1 of 2 of the largest and only homes in the area with a basement. 2 AC Units (5 ton carrier comfort 1yr old - 3 ton Goodman 5 yr old). Upgrades include-smart wi-fi thermostat and 1 yr old Hybrid 80 gals GE water heater with condenser and burners. Arch shingle roof. Next to wash & close to freeway, schools. & shopping. This property is being sold AS-IS, NO REPAIRS will be made and is CASH ONLY sale

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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
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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,389
Property Tax -$238
Property Insurance -$78
HOA -$4
Property Management Fees -$99
CASH FLOW
$171

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.

$400,000

PROJECTED PRICE

$1,980

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$40,584

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
  • $2,165

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8153$1,9504$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 20032 N 44th Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4339 W Julie Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,313 Sqft ∙ Built 1981
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.78
    •  
  • 4213 W Wahalla Lane Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 5326 W Taro Lane Glendale, AZ 4
    • 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 2000
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 5456 W Kristal Way Glendale, AZ 5
    • 5 beds 3 baths ∙ 2,658 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,658 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Apryle Borst
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194038
Last Updated: 02/13/2021
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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