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4732 W Rose Lane Glendale, AZ 85301

2 Beds 2 Baths 960 sqft Built 1978

$149,900

List Price

$900

$810 - $990

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $156.15
  • 3 Days on Market
  • MLS # : 6170444
  • Updated Date : 12/11/2020 at 15:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 2 full
Listing Agent

Arizona Realty Specialists

Listing Agent's Description

Large 2 bedroom 2 bathroom townhome. Tile throughout. Cozy kitchen with pantry. Enjoy family and friends in the open living room / dining room. MB has custom bathroom with nicely tiled shower and large walk-in closet. Laundry is inside (newer W/D included). Private patio with access to the two covered parking spots and an outside storage room. New AC unit installed October of 2019. Move in ready. Near Glendale sports arenas and GCU and GCC. Great starter home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pace Rosewood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $60k271k

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

Neighborhood: Pace Rosewood

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
Glenn F. Burton School Primary Regular 797 41 3
Glenn F. Burton School Middle Regular 797 41 3
Apollo High School High Regular 1,976 91 6

Glenn F. Burton School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Glenn F. Burton School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$810$990$900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $900
EXPENSES Loan Payment -$553
Property Tax -$86
Property Insurance -$46
HOA -$216
Property Management Fees -$99
CASH FLOW
-$100

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.

$149,900

PROJECTED PRICE

$900

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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$500k

PROJECTED ANNUAL CASH FLOW

11530-$3.0k-$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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$1,910

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
  • $828

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8253$8504$1,0155$1,050
$1,050
RENT COMPS ANALYSIS
  • 4732 W Rose Lane Glendale, AZ 1
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1978 2 beds 2 baths ∙ 960 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5233 W Myrtle Avenue #208 Glendale, AZ 2
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1987 2 beds 2 baths ∙ 960 Sqft ∙ Built 1987
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.86
    •  
  • 6826 N 44th Avenue #3 Glendale, AZ 3
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1972 2 beds 2 baths ∙ 980 Sqft ∙ Built 1972
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.87
    •  
  • 5813 N 59th Drive Glendale, AZ 4
    • 2 beds 3 baths ∙ 1,184 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,184 Sqft ∙ Built 1984
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,015
    • $0.86
    •  
  • 4608 W Maryland Avenue #1117 Glendale, AZ 5
    • 2 beds 3 baths ∙ 1,223 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,223 Sqft ∙ Built 1986
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jeffrey Steele
Arizona Realty Specialists
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170444
Last Updated: 12/11/2020
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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