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4414 W Cholla Street Glendale, AZ 85304

5 Beds 3 Baths 2,226 sqft Built 1971

$379,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $170.66
  • 2 Days on Market
  • MLS # : 6187646
  • Updated Date : 01/31/2021 at 03:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,226 sqft
  • Baths : 3 full
Listing Agent

Maplewood Homes

Listing Agent's Description

WOW! Located on a 1/4 Acre Cul-de-sac lot with Guest House. This home has been professionally remodeled by a licensed contractor. The main house features a NEW ROOF, fresh paint, new flooring, and updated fixtures throughout. Dual pane windows. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. All 4 bedrooms of the main house boast new carpet, fresh paint, and new light fixtures. The guest house features fresh paint, new tile throughout, kitchenette, private bedroom, and full bathroom. The huge backyard is a true resort with a patio, pool, and fire pit. RV Gate! No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9441567

* 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
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Moon Valley High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,320
Property Tax -$232
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$28

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.

$379,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$0.0$5.0k$10k$15k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$25,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6453$1,6954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 4414 W Cholla Street Glendale, AZ 5
    • 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 11020 N 45th Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 10634 N 45th Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1973
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 4409 W Poinsettia Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1978
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 11615 N 41st Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Eric R Hartsburg
Maplewood Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187646
Last Updated: 01/31/2021
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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