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3914 W Creedance Boulevard Glendale, AZ 85310

4 Beds 3 Baths 2,731 sqft Built 1989

$430,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $157.45
  • 5 Days on Market
  • MLS # : 6186331
  • Updated Date : 01/28/2021 at 20:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Vacant!! Ready to move in Home! This 4 bedroom 3 bath home! This home is close to the Shops of Norterra & Happy Valley Towne Center- plenty of restaurants, entertainment & shopping!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Palm Estates

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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

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

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,494
Property Tax -$256
Property Insurance -$80
HOA -$3
Property Management Fees -$99
CASH FLOW
$88

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.

$430,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,294

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1993$2,2004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 3914 W Creedance Boulevard Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.74
    •  
  • 3849 W Fallen Leaf Lane Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1998
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.75
    •  
  • 23620 N 42nd Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 4010 W Creedance Boulevard Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 1989
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 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
Alex Magana
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186331
Last Updated: 01/28/2021
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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