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4475 W Oraibi Drive Glendale, AZ 85308

3 Beds 3 Baths 1,699 sqft Built 1987

INVESTimate

$299,900

List Price

$1,490

$1,341 - $1,639

Rent Est.

$322,512  ( +7.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $176.52
  • 6 Days on Market
  • MLS # : 6120676
  • Updated Date : 08/21/2020 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Lovely home on corner lot & no HOA! The home has 3 bedrooms+Den and boasts a fireplace, french doors to backyard, vaulted ceilings, beautiful hard flooring throughout, stainless steel appliances, kitchen island, pantry, ceiling fans, freshly painted exterior, 2 closets in master bedroom, concrete slab for 3 cars, and brand new dual pane windows throughout. Storage shed in backyard and work bench in garage convey along with fridge, washer & dryer. Located near schools, shopping, Loop 101, and close to all that the Arrowhead Ranch area has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $102k271k

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

Neighborhood: Overland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9351567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$46

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.

$299,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4903$1,4994$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 4475 W Oraibi Drive Glendale, 2
    • 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.88
    •  
  • 4462 W Oraibi Drive Glendale, 1
    • 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1986
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 4514 W Kristal Way Glendale, 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 19805 N 45th Avenue Glendale, 4
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1989
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 19817 N 45th Avenue Glendale, 5
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1989
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Julie Hill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120676
Last Updated: 08/21/2020
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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