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4527 W Echo Lane Glendale, AZ 85302

4 Beds 2 Baths 2,520 sqft Built 1971

$370,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $146.83
  • 3 Days on Market
  • MLS # : 6170475
  • Updated Date : 12/11/2020 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Stunning cul-de-sac lot w/4 beds, 2 bath in Glendale. Minutes to I-17 fwy, Schools, Shopping & More. NEW Int & Ext paint, Wood look Tile flooring, Carpet & Fixtures throughout. This home features seperate formal living & dining rooms, family room plus a bonus room perfect for a office/game room. Spacious eat-in kitchen w/White Shaker Cabinetry, Quartz Counters, Gray Tile Backsplash & Stainless Steel Appliances. Split Master suite boasts walkin closet & Ensuite has new vanity, dual flush toilet & Walk-in Shower! Backyard oasis w/fenced diving pool, multiple patios & lawn. New pool plaster & equipment. Hurry this home wont last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k301k

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

Neighborhood: Sands Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8831567

* 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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Apollo High School High Regular 1,976 91 6

Horizon School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Horizon School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Apollo High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,365
Property Tax -$213
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$63

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.

$370,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.4%
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$1.4M

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$21,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6903$1,7954$1,800
$1,800
RENT COMPS ANALYSIS
  • 4527 W Echo Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.67
    •  
  • 4639 W Ruth Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 10424 N 38th Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1971
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.74
    •  
  • 9214 N 48th Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
PROPERTY LISTING DETAILS
Elmon Krupnik
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170475
Last Updated: 12/11/2020
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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