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4741 W Beverly Lane Glendale, AZ 85306

3 Beds 2 Baths 1,660 sqft Built 1979

$295,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $177.71
  • 3 Days on Market
  • MLS # : 6202754
  • Updated Date : 03/06/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,660 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your new home is waiting for you! A fantastic 3 beds, 2 baths home located in a quiet neighborhood in Glendale is now up in the market. This beauty offers extended slab parking, low maintenance front yard, RV gate, a large backyard, pool, citrus trees, and so much more. Inside you'll find an open concept living & dining w carpet flooring, flat ceilings w/fans in all the right places, and a bonus room currently set up as an entertainment area. The kitchen features matching appliances, electric cook top, double wall ovens, and ample cabinetry, upgra. The relaxing master suite includes a closet and a private bath. Sprawling backyard offers a covered patio, play pool, mature citrus tree, storage shed, workshop, & a large grass area perfect for pets or play. Hurry! Call now before it's too late

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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 Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,025
Property Tax -$181
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$96

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.

$295,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4603$1,5454$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 4741 W Beverly Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.88
    •  
  • 5009 W Beverly Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1975
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.83
    •  
  • 5203 W Sandra Terrace Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1980
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.89
    •  
  • 16410 N 47th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1985
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 5119 W Port Au Prince Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jason Michael Westmoreland
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202754
Last Updated: 03/06/2021
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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