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4335 W Larkspur Drive Glendale, AZ 85304

3 Beds 2 Baths 1,494 sqft Built 1977

$275,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $184.07
  • 2 Days on Market
  • MLS # : 6165491
  • Updated Date : 11/28/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Roadrunner Estates is where you want to be! Outstanding corner lot home in desirable Glendale is waiting just for you. Offering great curb appeal and easy care desert landscaping. Step inside this remarkable interior complete with 3 bed, 2 bath, cozy fireplace ideal for this winter, designer paint, living/dining area, guest room with separate entrance, and so much more you need to come see yourself. Enjoy cooking in this well maintained kitchen offering breakfast bar, granite counter-tops, fluorescent lighting, back-splash, and high-end appliances. Double-door master bedroom includes a walk-in closet and spotless en-suite bathroom. You will absolutely love this amazing backyard with covered patio, RV gate, and refreshing blue pool ideal for your gatherings. Hurry! Start calling today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Sweetwater Elementary School Primary Regular 515 43 7
Sweetwater Elementary School Middle Regular 515 43 7
Moon Valley High School High Regular 1,479 70 5

Sweetwater Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 43
7
GreatSchools Rating

Sweetwater Elementary School

  • Education Level: Middle
  • # of students: 515
  • # of teachers: 43
7
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,015
Property Tax -$168
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$18

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.

$275,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,894

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
  • $1,442

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,5004$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 4335 W Larkspur Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12415 N 41st Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1996
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.04
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 4129 W Windrose Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 4027 W Wood Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
PROPERTY LISTING DETAILS
Oscar Colato
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165491
Last Updated: 11/28/2020
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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