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4904 W Desert Cove Avenue Glendale, AZ 85304

3 Beds 2 Baths 1,598 sqft Built 1977

$359,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $225.22
  • 1 Days on Market
  • MLS # : 6203816
  • Updated Date : 03/07/2021 at 02:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,598 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Fantastic remodeled home sits in a corner lot with no HOA, New A/C, New Kitchen with self/soft closing, granite countertop, , new appliances, new recess lighting, new ceramic wood looking tile throughout, Pool re-plastered with new motor, light, filter and equipment. new pavement, All new light fixtures inside and out, mud room added off the garage/laundry popcorn ceiling removed, smooth textured and freshly painted with two tone paint large north/south exposure lot with low maintained desert landscape , plenty of room for RV and/or gate

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
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Moon Valley High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,250
Property Tax -$209
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$266

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.

$359,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.38%

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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,462

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4504$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 4904 W Desert Cove Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 5521 W Cholla Street Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1986
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 5404 W Poinsettia Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 5044 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 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 4807 W Beryl Avenue N Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ali Al-asady
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203816
Last Updated: 03/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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