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4501 W Purdue Avenue Glendale, AZ 85302

4 Beds 2 Baths 1,723 sqft Built 1971

$325,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $188.62
  • 5 Days on Market
  • MLS # : 6155678
  • Updated Date : 11/06/2020 at 14:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,723 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

4 bed/2 bath, corner lot pool home, an entertainer's dream! Newly renovated kitchen with modern cabinets & plenty of space, a wall oven/microwave, glass pantry, updated fixtures, and a quartz island big enough to vacation on. Plenty of room for eating at the island or the large dining space adjacent. The garage has been converted to a ''man cave'' space with its own air conditioning unit and full bar space with quartz counter (easily convertible back to garage if buyer chooses.). Outdoor is a spacious patio with room for built in TV, grass area with mature fruit trees, built in gazebo BBQ area on a concrete pad with full electric, and a fire pit area. There is a fenced diving pool with plenty of room for lawn chairs and games. Exterior storage room. This house has it all and will not last

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* 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
Sunset Elementary School Primary Regular 560 30 5
Sunset Elementary School Middle Regular 560 30 5
Apollo High School High Regular 1,976 91 6

Sunset Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Sunset Elementary School

  • Education Level: Middle
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,199
Property Tax -$188
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,737

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
  • $1,482

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 4501 W Purdue Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4613 W Mountain View Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 9615 N 49th Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 4546 W Onyx Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1976
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 4207 W Mission Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cynthia Mincolla
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155678
Last Updated: 11/06/2020
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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