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24514 N 44th Lane Glendale, AZ 85310

3 Beds 3 Baths 3,653 sqft Built 2007

$599,999

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $164.25
  • 5 Days on Market
  • MLS # : 6193511
  • Updated Date : 02/17/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,653 sqft
  • Baths : 3 full
Listing Agent

Rely Real Estate, Llc

Listing Agent's Description

One of kind contemporary modern loft home located in the prime north west valley! This home boasts a chef's kitchen w/ custom vacuum sealed electric blue metal cabinets, luxury appliances, and soaring 30ft ceilings. The entire upstairs loft features an enormous owner quarters, large on-suite, private deck, and a walk in closet that stretches over 20ft long by 13ft wide. The ext4ended 2 car garage is accompanied by a pull through RV garage and reenforced foundation to support a lift. The oversized backyard is a blank canvas ready for your personal touch. Showing only available on Sat/Sun February 20th & 21st.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saguaro Park Lofts

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $104k564k

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

Neighborhood: Saguaro Park Lofts

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9523227

* 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,084
Property Tax -$358
Property Insurance -$98
HOA -$17
Property Management Fees -$99
CASH FLOW
$84

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.

$599,999

PROJECTED PRICE

$2,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$44,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,311

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2494$2,3955$2,740
$2,740
RENT COMPS ANALYSIS
  • 24514 N 44th Lane Glendale, AZ 5
    • 3 beds 3 baths ∙ 3,653 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,653 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.75
    •  
  • 27303 N 36th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2002
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.62
    •  
  • 5511 W Tether Trail Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.63
    •  
  • 5303 W Pinnacle Vista Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.62
    •  
  • 5123 W Headstall Trail Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
PROPERTY LISTING DETAILS
John Edward Ely
Rely Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193511
Last Updated: 02/17/2021
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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