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4919 W Wikieup Lane Glendale, AZ 85308

3 Beds 2 Baths 1,350 sqft Built 1995

$300,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $222.22
  • 1 Days on Market
  • MLS # : 6155374
  • Updated Date : 11/02/2020 at 21:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming, updated and move in ready! This 3BR/2BA home has so much to offer. When you enter the home you will first notice the beautiful porcelain ''woodplank'' tile and upgraded baseboards. The warm, neutral custom paint and newer fixtures/fans add to the coziness. Large master is complete with a sitting area and en suite. The two other bedrooms are a nice size with ample closet space. Kitchen cabinets have been updated as well as appliances. The backyard boasts an extended covered patio, built in fire pit and lots of space for a pool or home expansion. Additional features include newer roof, water heater, and AC unit as well as newer front door and screen door. Largest lot in neighborhood! This home is truly a gem!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Crystal Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
 

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

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$54
HOA -$8
Property Management Fees -$99
CASH FLOW
-$126

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

$1,320

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4253$1,4994$1,5005$1,700
$1,700
RENT COMPS ANALYSIS
  • 4919 W Wikieup Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.98
    •  
  • 20014 N 47th Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 4514 W Kristal Way Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 4764 W Wahalla Lane Glendale, AZ 4
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 5011 W Kerry Lane Glendale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Cori Bender
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155374
Last Updated: 11/02/2020
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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