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6441 W Golden Lane Glendale, AZ 85302

4 Beds 2 Baths 1,492 sqft Built 1987

$309,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $207.10
  • 3 Days on Market
  • MLS # : 6202962
  • Updated Date : 03/07/2021 at 02:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Realtyonegroup Mountain Desert

Listing Agent's Description

4 bed, 2 bath home is newly painted. The home has a wood fireplace, updated kitchen including granite counters, back splash, wood title, updated appliances, updates to master shower, ceiling fans and so much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Country Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451567

* 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
Glendale High School High Regular 1,719 75 4

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$278,100$339,900$309,000

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 -$1,073
Property Tax -$178
Property Insurance -$56
HOA -$5
Property Management Fees -$99
CASH FLOW
-$91

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.

$309,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.7%
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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,491

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
  • $0.88

    LIST RENT PER SQFT
  • $1,402

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3203$1,3754$1,3955$1,545
$1,545
RENT COMPS ANALYSIS
  • 6441 W Golden Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.88
    •  
  • 6733 W Palo Verde Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 6144 W Echo Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1996
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 8614 N 67th Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 1986
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 6331 W Townley Avenue Glendale, AZ 5
    • 4 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.97
    •  
PROPERTY LISTING DETAILS
Maria Rojas Silva
Realtyonegroup Mountain Desert
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202962
Last Updated: 03/07/2021
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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