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4909 W Behrend Drive Glendale, AZ 85308

3 Beds 3 Baths 1,766 sqft Built 1997

$315,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $178.37
  • 2 Days on Market
  • MLS # : 6165604
  • Updated Date : 11/28/2020 at 13:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

A Spectacular Home! with many great upgrades, features and options. Very popular open floor plan, vaulted ceilings with all white kitchen cabinets, stainless steel appliances, granite counter tops. This is it! Gorgeous 2-story home located in a desirable Glendale community. Functional floor plan includes living room, family room, breakfast room, loft and 3 spacious bedrooms. Brand new designer 2-tone paint, new upgraded carpet and stylish new tile plank flooring makes this home feel new! Kitchen showcases breakfast bar, new high grade granite counter tops with new stainless sink/faucet and new stainless steel appliances. Staircase to second level lead to loft. ** SIGN NOT ON PROPERTY **

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $96k271k

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

Neighborhood: Arrowhead Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9101567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$62
HOA -$80
Property Management Fees -$99
CASH FLOW
-$21

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$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 50% 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

5.33

YEARS SAVED

$20,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6003$1,6954$1,7005$1,730
$1,730
RENT COMPS ANALYSIS
  • 4909 W Behrend Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.89
    •  
  • 19822 N 47th Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 4947 W Tonto Road Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1995
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 5011 W Kerry Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1994
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 5028 W Topeka Drive Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robert Younadim
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165604
Last Updated: 11/28/2020
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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