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4231 W Alameda Road Glendale, AZ 85310

3 Beds 3 Baths 1,952 sqft Built 1989

$375,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $192.11
  • 6 Days on Market
  • MLS # : 6155580
  • Updated Date : 11/05/2020 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Don't miss out on this beautiful 3bed/2.5bath Glendale home in a quiet neighborhood. Great curb appeal with mature shade trees and 3 car garage leads you into the light and bright interior featuring soaring vaulted ceilings, staggered tile, plantation shutters and a fluid open floor plan. Gorgeous eat in kitchen boasts granite counter tops, stainless steel appliances and a breakfast bar. Lovely master with 2 way fireplace and luxurious en suite. Complete with dual sinks, glass framed shower and separate soaking tub. Upstairs you will find a large loft, full of possibilities. Cozy Arizona room and sparkling pool make this home an entertainers dream. New AC unit, New carpet throughout, Partial Roof replacement, NO HOA. See it today and make it yours!OWNER/AGENT

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Adobe Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Adobe Hills

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
Desert Sage Elementary School Primary Regular 590 35 7
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Desert Sage Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 35
7
GreatSchools Rating

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,384
Property Tax -$223
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$119

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.

$375,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.50%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$38,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,918

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,8903$1,9004$1,9955$2,075
$2,075
RENT COMPS ANALYSIS
  • 4231 W Alameda Road Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.97
    •  
  • 4110 W Park View Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1993
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.93
    •  
  • 25407 N Hackberry Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 23851 N 43rd Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1992
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 4050 W Avenida Del Sol Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.99
    •  
PROPERTY LISTING DETAILS
John Doering
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155580
Last Updated: 11/05/2020
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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