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406 E Glenhaven Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,303 sqft Built 1994

$435,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $188.88
  • 3 Days on Market
  • MLS # : 6208396
  • Updated Date : 03/19/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,303 sqft
  • Baths : 3 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Very desirable 4 bedrooms, 3 bath home tucked away in the Foothills. This home has been tastefully updated and very well cared for by the original owners. The stunning kitchen features cream Wellborn cabinets with custom pinstriping and pulls, quartz countertops, island, and pendant lighting. The family room is spacious and showcases the fireplace and mantle as the main focal point with a beautiful built-in cabinet and shelves on each side. The owner's retreat is fit for royalty with designer paint, vaulted ceilings, shutters, and a double door exit to the patio to take in the gorgeous mountain views. The owner's suite is unique as it offers a bonus room, currently used as an office, but would also be ideal as a workout area, yoga, or library. The choice is yours. The owner's bathroom was

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,511
Property Tax -$310
Property Insurance -$72
HOA -$6
Property Management Fees -$99
CASH FLOW
$243

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.

$435,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$47,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,424

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1003$2,2404$2,3955$2,595
$2,595
RENT COMPS ANALYSIS
  • 406 E Glenhaven Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.97
    •  
  • 1024 E Frye Road #1104 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2001
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.00
    •  
  • 1018 E Hiddenview Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 407 E Glenhaven Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1994
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.14
    •  
  • 16837 S 11th Way Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
PROPERTY LISTING DETAILS
Brad Daniels
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208396
Last Updated: 03/19/2021
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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