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4757 W Topeka Drive Glendale, AZ 85308

3 Beds 2 Baths 1,462 sqft Built 1994

$360,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $246.24
  • 3 Days on Market
  • MLS # : 6164771
  • Updated Date : 11/27/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful new kitchen with onyx counters, large island and soft close cabinets that opens to an expansive great room. New A/C system and hot water tank along with fresh carpet and exterior paint makes this home move in ready. Located on a quiet street but also close to the 101 freeway with easy access at the 51st Avenue ramp. There is a low maintenance fiberglass surface pool with a BBQ, sink and extra shade in the backyard. Don't miss the Nest control, RV gate and massive master bedroom / bath with a double vanity in this very clean home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dave Brown Utopia

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Dave Brown Utopia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
GreatSchools Rating

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,328
Property Tax -$215
Property Insurance -$56
HOA -$3
Property Management Fees -$99
CASH FLOW
-$310

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.

$360,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,3953$1,4504$1,5855$1,600
$1,600
RENT COMPS ANALYSIS
  • 4757 W Topeka Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.95
    •  
  • 19665 N 48th Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1986
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 4810 W Ponderosa Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1995
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 19831 N 48th Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1987
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.02
    •  
  • 19822 N 47th Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Pete Dziawura
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164771
Last Updated: 11/27/2020
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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