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4761 W Topeka Drive Glendale, AZ 85308

3 Beds 2 Baths 1,462 sqft Built 1994

$349,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $239.33
  • 2 Days on Market
  • MLS # : 6187205
  • Updated Date : 01/30/2021 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome home to this beautifully upgraded 3 bed/2 bath conveniently located minutes from the 101 Freeway in a quiet neighborhood! This popular floor plan features a wide open great room that is perfect for entertaining. The kitchen boasts of stylish new countertops, expresso cabinets, a spacious middle island and stainless steel appliances. New tile flooring has been added to the main living areas, bathrooms and laundry room. Spacious master bed suite with white cabinets, dual sinks, a roman tub and separate shower. There is a newer water heater, newer AC and the patio roof has cover been redone. The backyard features lush green grass and night lighting that adds a personal touch to the landscape bringing a soft glow to the long covered patio. Move in ready so just bring your toothbrush!

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
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
 

$314,910$384,890$349,900

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 -$1,215
Property Tax -$209
Property Insurance -$56
HOA -$3
Property Management Fees -$99
CASH FLOW
-$192

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.

$349,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.40%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,920

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
  • 4761 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
Elizabeth Mcdermott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187205
Last Updated: 01/30/2021
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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