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723 E Glenhaven Drive Phoenix, AZ 85048

3 Beds 2 Baths 1,317 sqft Built 1995

$330,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $250.57
  • 1 Days on Market
  • MLS # : 6182165
  • Updated Date : 01/17/2021 at 01:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,317 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Fantastic Remodel in the Foothills! Picture perfect home loaded with upgrades. Plank tile floors throughout. Vaulted ceilings. Cute eat-in kitchen has white cabinets, quartz counters, stylish backsplash, farm sink, SS appliances. Primary bedroom has a 3/4 bath with a tiled step-in shower, and a walk-in closet. Interior laundry. Backyard has a covered patio and lawn area and .private lot. Close to schools, shopping and the 202. $$Perfect Investment$$

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,146
Property Tax -$235
Property Insurance -$53
HOA -$6
Property Management Fees -$99
CASH FLOW
-$39

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.

$330,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,501

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,5504$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 723 E Glenhaven Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.14
    •  
  • 16013 S Desert Foothills Parkway #1120 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.09
    •  
  • 707 E Glenhaven Drive Ahwatukee, AZ 3
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 16013 S Desert Foothills Parkway #1012 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 426 E Redwood Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2000
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Chris Harvey
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182165
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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