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4642 W Libby Street Glendale, AZ 85308

4 Beds 2 Baths 2,098 sqft Built 1979

$389,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $185.84
  • 3 Days on Market
  • MLS # : 6190031
  • Updated Date : 02/06/2021 at 18:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,098 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Great cul-de-sac lot! 4 bed, 2 bath, Gated front entry. Step down formal living room has laminate wood floors. Saltillo tile floors in the main areas. The family room has a cozy fireplace and built-ins. The eat-in kitchen has oak cabinets, SS appliances, granite counters, breakfast bar, pantry. Sizable bedrooms have laminate wood floors. Fresh interior paint. The primary bedrooms has a private bedroom, walk-in closet, and a full bath. The large backyard has a covered patio, mature foliage, large grass area, or plenty of room for a pool! Close to schools, shopping and the loop 101.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellair

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Bellair

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,354
Property Tax -$232
Property Insurance -$68
HOA -$89
Property Management Fees -$99
CASH FLOW
-$13

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.

$389,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,089

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
  • $1,941

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5303$1,6004$1,8505$1,945
$1,945
RENT COMPS ANALYSIS
  • 4642 W Libby Street Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18824 N 44th Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 4951 W Mindy Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 5422 W Bluefield Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 4924 W Villa Rita Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1981
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190031
Last Updated: 02/06/2021
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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