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3839 E Glenhaven Drive Phoenix, AZ 85048

5 Beds 4 Baths 2,950 sqft Built 1988

$577,500

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $195.76
  • 3 Days on Market
  • MLS # : 6190181
  • Updated Date : 02/05/2021 at 15:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,950 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

10-SEAT HOME THEATER INCLUDED! Rare tri-level home with big finished basement in exclusive Lakewood community in quiet Ahwatukee. In addition to 2 large bedrooms and a full bath, the basement also has a massive 3-row home theater with a 125in projector screen, surround sound and tiered seating for 10, INCLUDED IN SALE! High-end maple cabinets + granite countertops in updated kitchen. Backyard with pool updated with pavers, landscaping and artificial turf. Dual-pane argon windows and premium plantation blinds. window film added, ducts sealed and R-38 cellulose in 2018 for ice cold summers. Water softener. RO system hooked to both kitchen sink and fridge. Ecobee smart thermostat + fireplace TV with Google TV also included. Wired cat6 ethernet in 4 bedrooms + theater

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wilton Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k464k

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

Neighborhood: Wilton Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342002

* 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
 

$519,750$635,250$577,500

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,006
Property Tax -$411
Property Insurance -$85
HOA -$6
Property Management Fees -$99
CASH FLOW
-$206

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.

$577,500

PROJECTED PRICE

$2,400

PROJECTED RENT

0.42%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,788

INVESTMENT

$158,788

Down Payment
$144,375
Rehab Estimate
$5,750
Closing Costs
$8,663

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,006

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,375
Loan Amount $433,125
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,729

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4954$2,5005$2,950
$2,950
RENT COMPS ANALYSIS
  • 3839 E Glenhaven Drive Phoenix, AZ 1
    • 5 beds 4 baths ∙ 2,950 Sqft ∙ Built 1988 5 beds 4 baths ∙ 2,950 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4205 E Redwood Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,770 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,770 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 3239 E Cottonwood Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1987
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 3532 E Brookwood Court Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 3359 E Tanglewood Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
PROPERTY LISTING DETAILS
Mike Carnes
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190181
Last Updated: 02/05/2021
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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