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4045 W Abraham Lane Glendale, AZ 85308

3 Beds 2 Baths 1,301 sqft Built 1997

$310,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $238.28
  • 3 Days on Market
  • MLS # : 6197976
  • Updated Date : 02/26/2021 at 19:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,301 sqft
  • Baths : 2 full
Listing Agent

New Venture Realty

Listing Agent's Description

Wonderful home in a great location with amazing views, close to hiking trails. The exterior has been recently painted. This 3 Bedroom, 2 Bath home opens up to large Family Room with vaulted ceilings. Kitchen has built in Microwave, Stove, newer dishwasher and pull out drawers in pantry. Master bedroom is large with vaulted ceilings, double sinks in bathroom, and a walk in closet. The backyard is perfect for entertaining. Has pavers, grass area and a built in barbeque. Close to great shopping, freeways and schools.

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
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,077
Property Tax -$185
Property Insurance -$53
HOA -$38
Property Management Fees -$99
CASH FLOW
-$221

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.

$310,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,252

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,2953$1,3104$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 4045 W Abraham Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.95
    •  
  • 3802 W Irma Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1984
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 21655 N 36th Avenue #135 Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.90
    •  
  • 3559 W Via Del Sol Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 3827 W Melinda Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1995
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Denise Venturelli
New Venture Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197976
Last Updated: 02/26/2021
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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