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4615 W Boca Raton Road Glendale, AZ 85306

3 Beds 2 Baths 1,766 sqft Built 1978

$324,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $183.98
  • 2 Days on Market
  • MLS # : 6160006
  • Updated Date : 11/14/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Hurry to see this cute, clean 3 bedroom in a great area close to ASU West. New exterior paint w/updated kitchen. Kitchen cabinets have been professionally painted, new backsplash, all new SS stove, dishwasher & built-in microwave. Separate living & family room w/fireplace. Both baths have new countertops & refurbished shower surrounds. Master bath has exit to pool area. Baja pool has new pebble tech, filter & waterline tiles.Back yd. is large enough for fenced in pool, gazebo & Koi pond area, & a grassy area for activities. Side RV parking can fit a 45 ft. long RV. No HOA...you won't be disappointed in this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Goldwater West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k271k

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

Neighborhood: Goldwater West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Sunburst Elementary School Primary Regular 643 29 6
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Sunburst Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 29
6
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,199
Property Tax -$199
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$88

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.

$324,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5003$1,5254$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 4615 W Boca Raton Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.83
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 14244 N 49th Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1984
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 14232 N 50th Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 4814 W Dahlia Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sherry L Thornton
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160006
Last Updated: 11/14/2020
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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