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4327 W Echo Lane Glendale, AZ 85302

4 Beds 2 Baths 2,368 sqft Built 1971

$349,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $147.59
  • 2 Days on Market
  • MLS # : 6193436
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming ranch style home boasts 4 bedrooms and 2 bathrooms. Nice sized rooms with formal living and dining area. View the sparkling fenced pool & patio from kitchen. Cozy family room with brick fireplace. Property includes covered patio with a spacious backyard perfect for entertaining family and friends. Workshop in garage. No HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k301k

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

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8831567

* 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
Apollo High School High Regular 1,976 91 6

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,214
Property Tax -$201
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$47

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.

$349,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$17,536

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
  • $1,788

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5954$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 4327 W Echo Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,368 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,368 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3430 W Seldon Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1959
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 4639 W Ruth Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 4336 W Carol Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 9214 N 48th Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
PROPERTY LISTING DETAILS
Cynthia Wise
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193436
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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