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3738 W Libby Street Glendale, AZ 85308

3 Beds 2 Baths 1,343 sqft Built 1979

$299,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $223.31
  • 5 Days on Market
  • MLS # : 6151932
  • Updated Date : 11/05/2020 at 11:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This Unique Home With Unparalleled Charm Is Move In Ready! This light & bright home has it all including new interior & exterior paint, new carpet in all bedrooms,new bathroom vanities & sinks, new fans throughout! The spacious living area invites you as you walk through the door. Newly refurbished kitchen with plenty of storage space features stainless steel appliances,breakfast bar,upgraded cabinetry custom mosaic tile backsplash, LED recessed lighting. Spacious Owner's Suite has plush carpet with walk in closet and upgraded bathroom. Enjoy outdoor living at it's finest with a dip in beautiful pool with fence around it, covered patio and low maintenance landscaping.Easy access to 101 and I-17,one block to elementary school & Just Minutes away from BellAir Golf Club.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Mirage Elementary School Primary Regular 458 30 4
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mirage Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
4
GreatSchools Rating

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$108

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.

$299,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,3954$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 3738 W Libby Street Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.99
    •  
  • 3124 W Libby Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1977
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 3602 W Charleston Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1980
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 3425 W Muriel Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1979
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 18225 N 31st Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1976
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151932
Last Updated: 11/05/2020
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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