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4317 W Electra Lane Glendale, AZ 85310

3 Beds 2 Baths 2,292 sqft Built 1994

$449,999

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $196.33
  • 8 Days on Market
  • MLS # : 6152474
  • Updated Date : 10/29/2020 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,292 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Highly desirable location. This home is a one of a kind for this neighborhood. Master bath recently remodeled, hardwood flooring throughout the house, ceiling speakers in MB, crown molding throughout entire home, includes 3 ovens ( 1 gas and a double oven that is electric) , water heater replaced in 2020, artificial turf in backyard and secured wall safe in MB. The attic has R-38 insulation and automatic fans that turn on when temperature reaches 120 degrees. All windows have been replaced on entire home with double pane glass. Water softener included with a whole house water filter. Pavers in driveway and walkway. The homeowner has done so many upgrades and work to this home, you must see for yourself.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k345k

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

Neighborhood: Canyon Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9521752

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
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
 

$404,999$494,999$449,999

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,660
Property Tax -$268
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$149

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.

$449,999

PROJECTED PRICE

$1,950

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,499
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8453$1,9754$2,0755$2,200
$2,200
RENT COMPS ANALYSIS
  • 4317 W Electra Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4128 W Whispering Wind Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.88
    •  
  • 24623 N 46th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2004
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.87
    •  
  • 4050 W Avenida Del Sol Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1988
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.99
    •  
  • 23620 N 42nd Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1988
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Mason S Jensen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152474
Last Updated: 10/29/2020
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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