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4401 W Dailey Street Glendale, AZ 85306

3 Beds 2 Baths 1,750 sqft Built 1977

$310,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $177.14
  • 2 Days on Market
  • MLS # : 6165569
  • Updated Date : 11/28/2020 at 11:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Wow, remodeled down to the sheetrock. New flooring, window coverings, kitchen with granite countertops, SS appliances, and designer cabinets. New plumbing hardware, ceiling fans, newer AC unit (2020), garage door, interior and exterior paint and front and backyard landscaping. All new, new, new. Well over $55K spent on remodeling costs. Lots of space for fun and games in the oversized backyard. Check out this beautiful property and NO HOA! Schedule your showing now.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k271k

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

Neighborhood: Thunderbird Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8811567

* 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
Sunburst Elementary School Primary Regular 643 29 6
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Sunburst Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 29
6
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,144
Property Tax -$190
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$74

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.

$310,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,450

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
  • $1,645

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,5255$1,575
$1,575
RENT COMPS ANALYSIS
  • 4401 W Dailey Street Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 2
    • 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
    •  
  • 4035 W Joan De Arc Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 14244 N 49th Drive Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1984
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 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
Mark Meekins
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165569
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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