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4325 W Topeka Drive Glendale, AZ 85308

4 Beds 3 Baths 1,770 sqft Built 1985

$329,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $186.38
  • 3 Days on Market
  • MLS # : 6170425
  • Updated Date : 12/12/2020 at 19:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,770 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful home close to freeways, sporting events, and entertainment. This 4 bedroom 2 1/2 bath has upstairs oversized bedroom perfect for home office or playroom. Backyard has heated pool and an extra covered patio. RV gate for toys and no HOA. You won't find a nicer home at this price.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,217
Property Tax -$197
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$6

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.

$329,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.48%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$25,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,571

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5303$1,5804$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 4325 W Topeka Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.89
    •  
  • 18617 N 42nd Drive Glendale, AZ 1
    • 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 2
    • 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
    •  
  • 4420 W Yorkshire Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1986
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 4419 W Yorkshire Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1985
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
PROPERTY LISTING DETAILS
Vicki King
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170425
Last Updated: 12/12/2020
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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