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4824 W Golden Lane Glendale, AZ 85302

4 Beds 2 Baths 1,538 sqft Built 1973

$277,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.10
  • 3 Days on Market
  • MLS # : 6181371
  • Updated Date : 01/15/2021 at 22:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,538 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful 4 bedroom, 2 bath home in New World! Granite counter tops, New refrigeration unit in 2020,Kitchen opens up to dining/great room, nice side backyard waiting for your special design!Clubhouse and pool across from the home, City park with large play area too!Don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New World

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: New World

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7281567

* 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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Apollo High School High Regular 1,976 91 6

Horizon School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Horizon School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Apollo High School

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

$249,300$304,700$277,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$962
Property Tax -$159
Property Insurance -$57
HOA -$3
Property Management Fees -$99
CASH FLOW
$49

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.

$277,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,155

INVESTMENT

$79,155

Down Payment
$69,250
Rehab Estimate
$5,750
Closing Costs
$4,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,250
Loan Amount $207,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$21,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3303$1,3754$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 4824 W Golden Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.86
    •  
  • 8865 N 47th Lane Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1983
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 9204 N 47th Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 9615 N 49th Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 8730 N 42nd Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1966
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Debbie J. Hosler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181371
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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