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4934 W Mclellan Road Glendale, AZ 85301

3 Beds 2 Baths 1,185 sqft Built 1957

$249,000

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $210.13
  • 3 Days on Market
  • MLS # : 6172910
  • Updated Date : 12/18/2020 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,185 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome home! Remodeled to todays standards with upscale finishes throughout, tile flooring (no carpet), new windows, new shingle roof, new lighting and baths, kitchen with island, white cabinetry and butcher block countertops, seller discloses one member of LLC is an active real estate agent in Arizona

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
 

$224,100$273,900$249,000

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$919
Property Tax -$143
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$181

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.

$249,000

PROJECTED PRICE

$1,030

PROJECTED RENT

0.41%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,656

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
  • $1,031

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9253$1,0504$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 4934 W Mclellan Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5917 N 48th Avenue Glendale, AZ 2
    • 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.85
    •  
  • 5036 W Ocotillo Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.86
    •  
  • 4775 W Palmaire Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1973
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 4913 W Maryland Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Danette Earnest
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172910
Last Updated: 12/18/2020
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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