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4332 E Glenhaven Drive Phoenix, AZ 85048

3 Beds 2 Baths 1,363 sqft Built 1999

$319,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $234.70
  • 5 Days on Market
  • MLS # : 6151607
  • Updated Date : 10/31/2020 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Great floorplan- 3 bedrooms with a den/office.Split bedrooms. Large great room.Open kitchen with island and breakfast bar. Lots of ceramic tile throughout.New ceiling fan. New nickel faucets. New carpet. Exterior painted within the last few months. Desert front yard and grass back yard. @ car garage. Community park and pool at the end of the street. Contracts will be presented to sellers at 3:00PM Sunday, Nov. 1.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Foothills Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$287,910$351,890$319,900

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 -$1,180
Property Tax -$228
Property Insurance -$54
HOA -$12
Property Management Fees -$99
CASH FLOW
$8

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.

$319,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$22,496

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
  • $1.16

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5504$1,5805$1,595
$1,595
RENT COMPS ANALYSIS
  • 4332 E Glenhaven Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.16
    •  
  • 4326 E Glenhaven Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1999
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 16620 S 43rd Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 4425 E Hiddenview Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1992
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 4401 E Glenhaven Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.17
    •  
PROPERTY LISTING DETAILS
James W. Daumke
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151607
Last Updated: 10/31/2020
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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