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4836 W Mercer Lane Glendale, AZ 85304

3 Beds 2 Baths 1,616 sqft Built 1974

$315,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $194.93
  • 6 Days on Market
  • MLS # : 6158434
  • Updated Date : 11/14/2020 at 17:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,616 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This beauty is more than looks, it's practical. Dual pane windows, South/North exposure, Block Construction and SRP for power. Ceiling fans through out (plus 2 on the full length covered patio). Newer wood floor installed last month. Living room, formal dining with built in cabinets, family room. Even the garage comes with built in cabinets! Wait to you step into the backyard designed for out door entertaining. You will agree this is the one, so hurry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$238

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.

$315,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.40%

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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,366

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3503$1,3954$1,5755$1,575
$1,575
RENT COMPS ANALYSIS
  • 4836 W Mercer Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.79
    •  
  • 4923 W Christy Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1974
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 4826 W North Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1974
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 5015 W Mercer Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 5044 W Mercer Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sandy Lenny
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158434
Last Updated: 11/14/2020
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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