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4836 W Mercer Lane Glendale, AZ 85304

3 Beds 2 Baths 1,616 sqft Built 1974

$325,000

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 : $201.11
  • 6 Days on Market
  • MLS # : 6158437
  • Updated Date : 11/13/2020 at 12:12
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 not just pretty, but SRP, Block Construction and South/North exposure makes it a wise decision.

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
 

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

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 -$1,199
Property Tax -$188
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$275

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

$1,270

PROJECTED RENT

0.39%

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

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 60% 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

1.67

YEARS SAVED

$4,050

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 #: 6158437
Last Updated: 11/13/2020
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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