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4834 W Palo Verde Avenue Glendale, AZ 85302

3 Beds 2 Baths 1,827 sqft Built 1977

$325,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $177.89
  • 2 Days on Market
  • MLS # : 6168927
  • Updated Date : 12/12/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Freshly remodeled and tons of upgrades! 3 Bedrooms, 2 Baths, plus an Office. Kitchen and Bathrooms feature dovetail and soft close cabinetry & granite counters. Beautifully upgraded carpet, vinyl plank flooring plus dual pane & triple pane windows throughout. Spacious Master Suite with 17-feet of closet space and dedicated private Office with French door exit to large covered patio featuring sparkling Pebble Tec pool, extended paver patio areas and lush mature landscaping creating an inviting space to entertain or relax with family and friends. The backyard also boasts one of the rare citrus trees that bears both lemons AND oranges! Additional features: 2020-New garage door & opener, 2019-New Water Heater; 2018- New 16 Seer HVAC, Nest Thermostat & additional R38 insulation in the attic

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8261567

* 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
Sunset Elementary School Primary Regular 560 30 5
Sunset Elementary School Middle Regular 560 30 5
Apollo High School High Regular 1,976 91 6

Sunset Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Sunset Elementary School

  • Education Level: Middle
  • # of students: 560
  • # of teachers: 30
5
GreatSchools Rating

Apollo High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,199
Property Tax -$188
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$27,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,5754$1,5905$1,695
$1,695
RENT COMPS ANALYSIS
  • 4834 W Palo Verde Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.87
    •  
  • 9615 N 49th Drive Glendale, AZ 1
    • 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
    •  
  • 9051 N 49th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1978
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 10010 N 50th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 4831 W Turquoise Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
Elizabeth Mcalister
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168927
Last Updated: 12/12/2020
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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