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3858 W Villa Linda Drive Glendale, AZ 85310

4 Beds 3 Baths 2,593 sqft Built 1997

$385,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $148.48
  • 3 Days on Market
  • MLS # : 6159513
  • Updated Date : 11/13/2020 at 16:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Fantastic 4 bedrooms, 2.5 bath plus bonus loft area, home with mountain views, well maintained & ready to move into.Beautiful tile flooring, plantation shutters. Formal living room & dining room plus separate family room that opens to kitchen & sliding door to covered patio/pool area. Open to kitchen/breakfast area. Fully-appliance kitchen& inside laundry room. Kitchen with granite counter tops. Water softener, ceiling fans. Spacious master suite upstairs with double sinks and walk-in closet. Major shopping center, water park nearby, Huge community center by City of Phoenix, satellite police station, easy access to freeways 17 &101. Seller willing to contribute $5,000.00 toward buyers upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Desert Sage Elementary School Primary Regular 590 35 7
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Desert Sage Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 35
7
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,420
Property Tax -$229
Property Insurance -$78
HOA -$3
Property Management Fees -$99
CASH FLOW
$100

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.

$385,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$37,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9303$2,0004$2,1955$2,400
$2,400
RENT COMPS ANALYSIS
  • 3858 W Villa Linda Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.74
    •  
  • 3815 W Misty Willow Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 1993
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 4141 W Alex Loop Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 24419 N 39 Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 24409 N 40th Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sarbjinder Jandaur
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159513
Last Updated: 11/13/2020
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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