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4908 W Mountain View Road Glendale, AZ 85302

3 Beds 3 Baths 2,106 sqft Built 1977

$295,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $140.08
  • 6 Days on Market
  • MLS # : 6158665
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Property Management Evolve

Listing Agent's Description

Roomy 2 story home in Glendale! 3Bd/2.5 Ba with plenty of room. Private pool, RV Gate, built in planters and so much more.

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,088
Property Tax -$171
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$173

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.

$295,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.54%

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$0.0$5.0k$10k$15k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$40,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7754$1,7955$1,896
$1,896
RENT COMPS ANALYSIS
  • 4908 W Mountain View Road Glendale, AZ 1
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 4831 W Turquoise Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1974
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 4336 W Carol Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 4419 W Turquoise Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 1975
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 4643 W Mountain View Road Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1976
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,896
    • $0.93
    •  
PROPERTY LISTING DETAILS
Chantel Saathoff
Real Property Management Evolve
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158665
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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