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7770 N 44th Drive 
Glendale, AZ
85301
4 Beds 3 Baths 2,180 sqft
Built 1998
INVESTimate
$320,000
List Price
$90,550
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $146.79
- 2 Days on Market
- MLS # : 6121204
- Updated Date : 08/25/2020 at 18:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,180 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Professional Partners
Listing Agent's Description
Nestled in a Hidden pocket of affordable Semi-Custom Homes with a 3 CAR GARAGE, RV Gate, NO HOA and Large Lot! Front porch Charm greets you and your guests to this GREAT HOME! So many living spaces to discover! Formal Living, Formal Dining, (Or Home Office, Home School Room) PLUS a Great Room, Eat-In Kitchen, Split Bedrooms for privacy. Large Master secluded from guest bedrooms with large walk-in closet and full Master Bath, 3 additional bedrooms with 2 additional baths! No carpet, tile and wood floors throughout! Ample cabinetry everywhere! Large laundry. Did I mention the amazing Large backyard area??? plenty of room for a pool, already has a sports court and separate shed with electricity. Ready for a special new owner to make amazing memories!
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PRICE & RENT TRENDS
Neighborhood: Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cactus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$188 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$37
|
||
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.
$320,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
5.17
YEARS SAVED
$19,817
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 -
$0.69
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
7770 N 44th Drive Glendale, 2
- 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,500
- $0.69
-
4824 W Northview Avenue Glendale, 1
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1980
LEASED 05/12/19- Rent
- Rent Per SQFT
- $1,275
- $0.69
-
8812 N 57th Drive Glendale, 3
- 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,575
- $0.77
-
4639 W Ruth Avenue Glendale, 4
- 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1979
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,595
- $0.73
-
7024 N 32nd Avenue Phoenix, 5
- 5 beds 2 baths ∙ 2,125 Sqft ∙ Built 2013 5 beds 2 baths ∙ 2,125 Sqft ∙ Built 2013
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
PROPERTY LISTING DETAILS
Keller Williams Realty Professional Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121204
Last Updated: 08/25/2020
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.
