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4425 W Mercer Lane Glendale, AZ 85304

3 Beds 2 Baths 1,829 sqft Built 1973

$349,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $191.31
  • 3 Days on Market
  • MLS # : 6193764
  • Updated Date : 02/12/2021 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous Updated home ready for its next owner. Living Room and Family Room. Separate dining area. Brand new fully remodeled kitchen with granite countertops, new cabinets, sink and faucet. Stainless steal appliances including refrigerator. Open living/dining room. New carpet in rooms and family room. Remodeled bathrooms, brand new baseboards, newer light fixtures. Bedrooms are HUGE !!!New landscaping gravel in front remodeled garage door and fresh interior paint. No HOA.

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
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,215
Property Tax -$214
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$81

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.

$349,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.43%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,696

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5953$1,6454$1,6505$1,849
$1,849
RENT COMPS ANALYSIS
  • 4425 W Mercer Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.83
    •  
  • 11020 N 45th Drive Glendale, AZ 2
    • 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
    •  
  • 4014 W Christy Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.96
    •  
  • 4807 W Beryl Avenue N Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 4726 W Poinsettia Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sandra Cruz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193764
Last Updated: 02/12/2021
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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