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4560 W Paradise Drive Glendale, AZ 85304

4 Beds 2 Baths 1,953 sqft Built 1972

$320,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $163.85
  • 4 Days on Market
  • MLS # : 6158359
  • Updated Date : 11/19/2020 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,953 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Recently remodeled (in 2014) single story home with great floor plan, plenty of room, and no HOA! Sharp kitchen with breakfast bar and opens to family room. Huge backyard with swimming pool and patio calls you to relax and enjoy!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9441567

* 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
Arroyo Elementary School Primary Regular 599 36 4
Arroyo Elementary School Middle Regular 599 36 4
Moon Valley High School High Regular 1,479 70 5

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Arroyo Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,181
Property Tax -$196
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$19

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.

$320,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$25,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,753

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5753$1,6504$1,6955$1,849
$1,849
RENT COMPS ANALYSIS
  • 4560 W Paradise Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.80
    •  
  • 11815 N 42nd Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 12244 N 45th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 11615 N 41st Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 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 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.95
    •  
PROPERTY LISTING DETAILS
Anne-marie Olson
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158359
Last Updated: 11/19/2020
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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