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4605 W Montebello Avenue Glendale, AZ 85301

3 Beds 2 Baths 1,812 sqft Built 1973

$285,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $157.28
  • 5 Days on Market
  • MLS # : 6201837
  • Updated Date : 03/05/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Phoenix View Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in Glendale, this 3 bed, 2 bath residence boasts a lavish interior with large dining and living areas with elegant light fixtures and neutral paint throughout. You'll love the charming kitchen, equipped with ample cabinet and counter space, matching appliances such as a wall oven, and even a small breakfast bar. The beautiful master bedroom features gorgeous laminate flooring, a private bath, and a spacious closet with sliding mirror doors for all your belongings. Also including a cozy backyard with a covered patio where you can spend a relaxing evening with friends and loved ones, this home simply has it all! Don't wait any longer and schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bethany Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Bethany Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8401567

* 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
Carol G. Peck Elementary School Primary Regular 671 26 3
Alhambra High School High Regular 2,770 139 3
Phoenix Coding Academy High Regular NA

Carol G. Peck Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 26
3
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$990
Property Tax -$185
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$16

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.

$285,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.6%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$15,393

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
  • $1,472

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2854$1,4005$1,549
$1,549
RENT COMPS ANALYSIS
  • 4605 W Montebello Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6535 N 44th Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 4251 W Keim Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.84
    •  
  • 4539 W Montebello Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 5505 N 40th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1968
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.85
    •  
PROPERTY LISTING DETAILS
Danielle L Dror
Phoenix View Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201837
Last Updated: 03/05/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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