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4619 W Krall Street Glendale, AZ 85301

2 Beds 2 Baths 924 sqft Built 1973

$128,000

List Price

$780

$702 - $858

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $138.53
  • 2 Days on Market
  • MLS # : 6154770
  • Updated Date : 11/02/2020 at 14:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 924 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Enjoy this single level end unit with a nice floor plan indoor laundry, Covered patio for those warm summers night but still open enough for entertaining guests.this townhome Property is conveniently located near ASU West, Glendale community college, and minutes from Phoenix College and freeways. Unit is currently rented month to month. Tenant is willing to move or resign a new 1 year lease if the new buyers wants to rent it.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryland Heights Garden Homes

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $57k271k

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

Neighborhood: Maryland Heights Garden Homes

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Barcelona Middle School Middle Regular 700 29 2
Alhambra High School High Regular 2,770 139 3

Carol G. Peck Elementary School

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

Barcelona Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 29
2
GreatSchools Rating

Alhambra High School

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

$115,200$140,800$128,000

PURCHASE PRICE

$702$858$780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $780
EXPENSES Loan Payment -$472
Property Tax -$83
Property Insurance -$45
HOA -$145
Property Management Fees -$99
CASH FLOW
-$65

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.

$128,000

PROJECTED PRICE

$780

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$39,670

INVESTMENT

$39,670

Down Payment
$32,000
Rehab Estimate
$5,750
Closing Costs
$1,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,000
Loan Amount $96,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$2,936

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
  • $774

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8153$8254$8505$850
$850
RENT COMPS ANALYSIS
  • 4619 W Krall Street Glendale, AZ 1
    • 2 beds 2 baths ∙ 924 Sqft ∙ Built 1973 2 beds 2 baths ∙ 924 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7123 N 54th Avenue #b Glendale, AZ 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1958 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1958
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $815
    • $0.82
    •  
  • 5233 W Myrtle Avenue #208 Glendale, AZ 3
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1987 2 beds 2 baths ∙ 960 Sqft ∙ Built 1987
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.86
    •  
  • 6826 N 44th Avenue #3 Glendale, AZ 4
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1972 2 beds 2 baths ∙ 980 Sqft ∙ Built 1972
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.87
    •  
  • 4608 W Maryland Avenue #234 Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1980
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.80
    •  
PROPERTY LISTING DETAILS
Monica Moreno
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154770
Last Updated: 11/02/2020
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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