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4910 W Behrend Drive Glendale, AZ 85308

2 Beds 2 Baths 1,091 sqft Built 1996

$300,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $274.98
  • 2 Days on Market
  • MLS # : 6209976
  • Updated Date : 03/20/2021 at 23:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,091 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Highly desirable location. Very popular for Midwestern university students. Fresh paint inside and outside. Only one year old water heater. Upgraded flooring, new light fixtures and upgraded kitchen with quartz countertops. Garage door electric opener has been replaced recently. Security doors at front and back. Community swimming pool.

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
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,042
Property Tax -$179
Property Insurance -$48
HOA -$80
Property Management Fees -$99
CASH FLOW
-$218

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.

$300,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.41%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,135

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,2954$1,3505$1,449
$1,449
RENT COMPS ANALYSIS
  • 4910 W Behrend Drive Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18837 N 34th Drive #4 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.04
    •  
  • 18030 N 45th Avenue Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
  • 6373 W Blackhawk Drive Glendale, AZ 4
    • 2 beds 2 baths ∙ 1,321 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,321 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 5018 W Oraibi Drive Glendale, AZ 5
    • 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.07
    •  
PROPERTY LISTING DETAILS
Zoran Gajanovic
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209976
Last Updated: 03/20/2021
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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