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4820 W Laurel Lane Glendale, AZ 85304

4 Beds 2 Baths 1,953 sqft Built 1973

$350,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $179.21
  • 2 Days on Market
  • MLS # : 6157580
  • Updated Date : 11/07/2020 at 23:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,953 sqft
  • Baths : 2 full
Listing Agent

Aviano Realty

Listing Agent's Description

This one won't last! Tile flooring, updated kitchen and bathrooms, Vaulted ceiling, extended patio, Large diving pool, front porch, beautiful backyard, Low maintenance from yard, Roof and AC replaced few years ago.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Continental North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9441567

* 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
Arroyo Elementary School Primary Regular 599 36 4
Arroyo Elementary School Middle Regular 599 36 4
Moon Valley High School High Regular 1,479 70 5

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Arroyo Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,291
Property Tax -$214
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$180

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.

$350,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,4903$1,5254$1,5455$1,650
$1,650
RENT COMPS ANALYSIS
  • 4820 W Laurel Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.76
    •  
  • 4545 W Paradise Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1972
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.78
    •  
  • 12446 N 50th Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 12427 N 49th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.78
    •  
  • 12244 N 45th Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sean Ceschia
Aviano Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157580
Last Updated: 11/07/2020
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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