Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4403 W Chama Drive Glendale, AZ 85310

4 Beds 3 Baths 3,315 sqft Built 1991

$500,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $150.83
  • 3 Days on Market
  • MLS # : 6182730
  • Updated Date : 01/24/2021 at 00:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,315 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

NO HOA in this upscale neighborhood of North Glendale. Gorgeous home with four Bedrooms, Den and 2.5 Baths. Surrounded by mature landscaping, the backyard is entirely private and cool. Custom double doors lead to lush patio with pavers and a pergola for entertaining. Front stained glass double door opens to private patio. Downstairs flooring is tile. Custom stairs & railings lead to the upstairs hardwood flooring. Custom paint throughout. Kitchen features many custom upgrades: Cabinets, granite countertops, large kitchen island, 2 new wine coolers, MIELE coffee maker, new microwave, 2 warmer drawers, new double oven, new dishwasher, huge island, R/O plus more! New roof and a/c unit as of 2018. Solar panels keep electric costs between $21-$149/month.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Upland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k317k

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

Neighborhood: Upland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9521639

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,737
Property Tax -$298
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$115

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.

$500,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$41,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,586

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3403$2,3954$2,9705$3,000
$3,000
RENT COMPS ANALYSIS
  • 4403 W Chama Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,315 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,315 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.71
    •  
  • 25043 N 44th Avenue Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 5123 W Headstall Trail Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 5419 W Red Bird Road Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2007
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.87
    •  
  • 25404 N 52nd Avenue Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,564 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,564 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Elisa Strocchio-bell
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182730
Last Updated: 01/24/2021
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.

BESbswy