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2505 E Glenhaven Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,437 sqft Built 1994

$619,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $254.00
  • 3 Days on Market
  • MLS # : 6197572
  • Updated Date : 02/26/2021 at 23:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 3 full
Listing Agent

The Agency

Listing Agent's Description

Absolutely stunning single level home with 4 bedrooms, 3 baths, and 3 car garage in the much desired Mountain Park Ranch. Home boasts a majestic entrance into a floor plan that is ideal for entertaining. Custom features include Cognac Maple cabinets w/granite slab and stainless steel appliances, newly updated bath and A/C units! The house flows perfectly from the kitchen/family room to a beautiful back yard that awaits you with a pebble tec pool, rock waterfall feature, areas for lounging, dining, sunset watching and entertaining to its fullest. This home will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k449k

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

Neighborhood: Foothills Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342080

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,150
Property Tax -$441
Property Insurance -$75
HOA -$13
Property Management Fees -$99
CASH FLOW
-$318

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$619,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,315

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,3754$2,4605$2,795
$2,795
RENT COMPS ANALYSIS
  • 2505 E Glenhaven Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.01
    •  
  • 16640 S 25th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 16838 S 20th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 3232 E Muirwood Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 16816 S 25th Place Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,437 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,437 Sqft ∙ Built 1994
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.15
    •  
PROPERTY LISTING DETAILS
Wendy R Walker
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197572
Last Updated: 02/26/2021
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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