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3809 W Glenn Drive Phoenix, AZ 85051

3 Beds 2 Baths 1,604 sqft Built 1959

INVESTimate

$275,000

List Price

$1,260

$1,134 - $1,386

Rent Est.

$295,653  ( +7.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $171.45
  • 6 Days on Market
  • MLS # : 6120402
  • Updated Date : 08/21/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Opportunity Knocks in Phoenix! This gorgeously updated single story block home has all the extras you're looking for. No HOA, 8' RV Gate & 16'x12' Shed with AC. 1 car garage is 25' deep! Upon entering you are greeted with gorgeous wood-look flooring in all rooms, a neutral color palette and tons of natural light throughout! The stunning kitchen offers beautiful white cabinetry, quartz countertops, upgraded large sink & upgraded stainless steel appliances including gas range. Beautiful upgraded bathrooms & large bedrooms, plus a bonus room. Lots of storage in the oversized laundry room. The extended covered patio overlooks a grassy area, mature shade tree, large patio area with room for a large table, perfect space for entertaining! See virtual tour in Photos tab

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k271k

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

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7841567

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,015
Property Tax -$164
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$76

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.

$275,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,379

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2493$1,2604$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 3809 W Glenn Drive Phoenix, 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.79
    •  
  • 6604 N 43rd Avenue Glendale, 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.83
    •  
  • 3926 W Mclellan Boulevard Phoenix, 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
    •  
  • 3739 W Orangewood Avenue Phoenix, 4
    • 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
    •  
  • 3908 W Maryland Avenue Phoenix, 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Justin Manning
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120402
Last Updated: 08/21/2020
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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