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3431 W Glenn Drive Phoenix, AZ 85051

3 Beds 2 Baths 1,442 sqft Built 1959

$250,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $173.37
  • 3 Days on Market
  • MLS # : 6162719
  • Updated Date : 11/19/2020 at 21:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful, well kept 3 bdrms, 2 ba. home. Granite kitchen countertops with Oak cabinets. Gorgeous front yard landscape. Tiled flooring throughout, except 2 bdrms which has newly installed carpet. Listed at 1442 sqft, but Az. room and inside laundry added years ago and increased sqft. Patio in front of home with red brick wall and aluminum siding. New roof 6 yrs old, and new water heater 1 yr old, plus copper piping. 2 storage sheds in backyard and NO HOA! This Home Won't Last Long On Market!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winton Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Winton Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7551567

* 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
Roadrunner Elementary School Primary Regular 797 35 4
Roadrunner Elementary School Middle Regular 797 35 4
Washington High School High Regular 1,714 73 4

Roadrunner Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Roadrunner Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$922
Property Tax -$149
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$46

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.

$250,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2493$1,2754$1,2995$1,500
$1,500
RENT COMPS ANALYSIS
  • 3431 W Glenn Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.82
    •  
  • 3926 W Mclellan Boulevard Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.88
    •  
  • 3744 W Palmaire Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.93
    •  
  • 4225 W State Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
  • 3739 W Orangewood Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Al Curry
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162719
Last Updated: 11/19/2020
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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