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20444 N 39th Drive Glendale, AZ 85308

5 Beds 3 Baths 2,714 sqft Built 1994

$380,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $140.01
  • 4 Days on Market
  • MLS # : 6154430
  • Updated Date : 10/31/2020 at 15:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,714 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Location, Location, Location! Lovely 5 bedroom 3 bath home. Located in the very desirable Arroyo Springs Community. Spacious kitchen with island, all appliances are included. Master bedroom has upgraded bathroom. large outdoor Balcony, Beautifully landscaped backyard. Built in cabinets in garage offer plenty of storage. Roof is less than 5 years old, new water heater, both A/C units replaced in 2011 and 2012, exterior of home painted less than 3 years ago. Home Warranty included.Just minutes from the Loop 101, Close to Arrowhead Mall, Cardinal Stadium, Shopping, there is so much to do in this this highly desirable area of Glendale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arroyo Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k284k

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

Neighborhood: Arroyo Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
Park Meadows Elementary School Primary Regular 574 37 8
Park Meadows Elementary School Middle Regular 574 37 8
Barry Goldwater High School High Regular 1,856 88 4

Park Meadows Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Park Meadows Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,402
Property Tax -$226
Property Insurance -$80
HOA -$9
Property Management Fees -$99
CASH FLOW
$373

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.

$380,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$25k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$72,067

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
  • $2,327

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$1,9994$2,1005$2,395
$2,395
RENT COMPS ANALYSIS
  • 20444 N 39th Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21047 N 33rd Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 4548 W Villa Theresa Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1979
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.76
    •  
  • 3311 W Knudsen Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 20669 N 41st Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 1995
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Margarita Sandell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154430
Last Updated: 10/31/2020
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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