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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

$1,500

$1,350 - $1,650

Rent Est.

$346,016  ( +8.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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!

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
Melvin E. Sine School Primary Regular 718 40 3
Melvin E. Sine School Middle Regular 718 40 3
Apollo High School High Regular 1,976 91 6

Melvin E. Sine School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 40
3
GreatSchools Rating

Melvin E. Sine School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 40
3
GreatSchools Rating

Apollo High School

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

$288,000$352,000$320,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

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
$1,275
1$1,2752$1,5003$1,5754$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 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
Susan K Ramsey
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121204
Last Updated: 08/25/2020
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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