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4307 W Topeka Drive Glendale, AZ 85308

3 Beds 2 Baths 1,666 sqft Built 1989

$349,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $209.48
  • 4 Days on Market
  • MLS # : 6149461
  • Updated Date : 11/19/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,666 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

SCORE! Everything you have been looking for! A backyard oasis with a pool and grass, RV Gate for your toys, Single Story No Stairs! HVAC 2015. Tenant's Lease ends December 15. After that, Professional photography will be scheduled, edited and Actively listed for sale and property will be available for showings.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $102k271k

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

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9351567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,288
Property Tax -$208
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$284

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.

$349,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4503$1,5304$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 4307 W Topeka Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.82
    •  
  • 18617 N 42nd Drive Glendale, AZ 2
    • 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
    •  
  • 18824 N 44th Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 19822 N 47th Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 19817 N 45th Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lillian M Johnson
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149461
Last Updated: 11/19/2020
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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