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4535 W Eva Street Glendale, AZ 85302

4 Beds 2 Baths 1,348 sqft Built 1971

$278,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $206.23
  • 4 Days on Market
  • MLS # : 6172100
  • Updated Date : 12/16/2020 at 20:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,348 sqft
  • Baths : 2 full
Listing Agent

Realty One Scottsdale Llc

Listing Agent's Description

An outstanding remodel! 4 bed/ 2 bath in the great Glendale location. No association fees! Beautiful finishes throughout the house. New roof. All fresh interior & exterior paint. All new dual pane windows. Updated plumbing and electrical. New kitchen cabinets with stainless steel appliances and beautiful Granite slab counter top. A cold A/C unit. Updated bathrooms with new vanities. New tile flooring. New carpet in all bedrooms with upgraded pad. New Ceiling fans. New water heater. Desert landscaped backyard for easy maintenance. Laundry room and storage shed. Great quiet area with pride of ownership. This house is a must see and will not last long at this price! Listing agent belongs to the ownership entity. All figures and measures are approximate. Buyer to verify. Thank you for showing

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
 

$250,200$305,800$278,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,026
Property Tax -$161
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$9

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.

$278,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.48%

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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,420

INVESTMENT

$79,420

Down Payment
$69,500
Rehab Estimate
$5,750
Closing Costs
$4,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,500
Loan Amount $208,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3303$1,3754$1,4455$1,450
$1,450
RENT COMPS ANALYSIS
  • 4535 W Eva Street Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,348 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,348 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.99
    •  
  • 9123 N 44th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1971
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.97
    •  
  • 9204 N 47th Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 4434 W Mountain View Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1975
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.97
    •  
  • 8730 N 42nd Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ron R Eghrari
Realty One Scottsdale Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172100
Last Updated: 12/16/2020
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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