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4023 W Rose Garden Lane Glendale, AZ 85308

3 Beds 3 Baths 2,025 sqft Built 1996

$385,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $190.12
  • 7 Days on Market
  • MLS # : 6151422
  • Updated Date : 10/30/2020 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,025 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wonderful home in a great location with amazing views, close to hiking trails. This awesome family home is complete with a diving pool and rock wall (which owner will give credit to remove). Home features 3 spacious bedrooms with upstairs loft, vaulted ceilings and 2 separate living and dining spaces. A spacious master bedroom with vaulted ceiling, walk-in closet, large bathroom with double sinks and private balcony off master with spiral staircase to the resort style backyard.Top of the line Whirlpool washer /dryer. 2 car garage with custom cabinets and work bench, RV gate and doggie door from kitchen.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Sunset Canyon

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
Park Meadows Elementary School Primary Regular 574 37 8
Park Meadows Elementary School Middle Regular 574 37 8
Barry Goldwater High School High Regular 1,856 88 4

Park Meadows Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Park Meadows Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,420
Property Tax -$229
Property Insurance -$67
HOA -$37
Property Management Fees -$99
CASH FLOW
-$183

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

$1,670

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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 55% 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

3.25

YEARS SAVED

$11,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6703$1,7004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4023 W Rose Garden Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.82
    •  
  • 20803 N 42nd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1995
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 19817 N 45th Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 4213 W Wahalla Lane Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 20834 N 39th Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lindsay R Tago
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151422
Last Updated: 10/30/2020
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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