Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
4028 W Chama Drive 
Glendale, AZ
85310
3 Beds 3 Baths 1,278 sqft
Built 1990
INVESTimate
$285,000
List Price
$81,275
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $223.00
- 2 Days on Market
- MLS # : 6122236
- Updated Date : 08/25/2020 at 14:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,278 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Stunning renovated (2020) open floorplan 2 story in North Canyon Ranch! This beautifully updated home offers custom butcher block countertops, herringbone wood look tile floor, and a custom feature fireplace. Minutes away from fantastic restaurants, entertainment and the Shops at Norterra.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Mountain Shadows at North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Shadows at North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$170 | |
| Property Insurance | -$52 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$285,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
4.17
YEARS SAVED
$13,027
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
-
$1,316
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
4028 W Chama Drive Glendale, 1
- 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4107 W Whispering Wind Drive Glendale, 2
- 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,350
- $0.96
-
23426 N 40th Lane Glendale, 3
- 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1992
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,350
- $1.08
-
23814 N 36th Drive Glendale, 4
- 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,278 Sqft ∙ Built 1991
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,365
- $1.07
-
3959 W Electra Lane Glendale, 5
- 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 1989
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,450
- $1.01
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122236
Last Updated: 08/25/2020
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.
