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4238 W Villa Maria Drive Glendale, AZ 85308

3 Beds 2 Baths 1,472 sqft Built 1984

$300,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $203.80
  • 2 Days on Market
  • MLS # : 6181970
  • Updated Date : 01/16/2021 at 21:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

A lush paradise nestled in the Deer Valley area desert, your new oasis is just mins to the 101, 17 & 51. You're home from the Mayo Clinic & Desert Ridge in 20 mins, Sky Harbor Airport or Downtown in 25, or bring home carry out from Arrowhead Town Center or P83 in Peoria in under 15 mins. The smell of dinner wafting from the back seat, you appreciate the picturesque sidewalk lined quiet streets in your neighborhood. As you pull up & park in the driveway (or easily convert the garage back), slip into your secret garden through the gate & pop into the climate controlled dedicated ''Zoom Room'' (in the detached garage) to announce dinner. Step inside & enjoy the sunshine filtering in though large windows & bouncing from the porcelain floors (no carpet!) to the ***SEE MORE***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Gabriel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k272k

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

Neighborhood: San Gabriel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Mirage Elementary School Primary Regular 458 30 4
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mirage Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
4
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,042
Property Tax -$179
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$66

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.

$300,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,387

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3103$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 4238 W Villa Maria Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.89
    •  
  • 4725 W Continental Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1975
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 18617 N 42nd Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 18239 N 38th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1981
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 18806 N 42nd Drive Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1987
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nate Brill
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181970
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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