Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4926 W Citrus Way Glendale, AZ 85301

4 Beds 2 Baths 1,818 sqft Built 1956

$275,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $151.27
  • 6 Days on Market
  • MLS # : 6160240
  • Updated Date : 12/02/2020 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,818 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

NO HOA!!! This property has had several renovations and additions including granite counter tops, new flooring, and extra bedroom added on to make this the perfect starter home for any family! Spacious backyard with endless possibilities and additional storage shed. Master bedroom boast large walk-in closet as does one of the additional bedrooms. Schedule your appointment today!

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
Glenn F. Burton School Primary Regular 797 41 3
Glenn F. Burton School Middle Regular 797 41 3
Apollo High School High Regular 1,976 91 6

Glenn F. Burton School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Glenn F. Burton School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$247,500$302,500$275,000

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 -$1,015
Property Tax -$158
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$14

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.

$275,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.48%

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-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,746

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
  • $0.73

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2503$1,3204$1,4505$1,695
$1,695
RENT COMPS ANALYSIS
  • 4926 W Citrus Way Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.73
    •  
  • 4251 W Keim Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 6535 N 44th Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 4601 W Northview Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 7301 N 48th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1971
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160240
Last Updated: 12/02/2020
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.

BESbswy