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8342 W Rose Lane Glendale, AZ 85305

4 Beds 2 Baths 2,295 sqft Built 1997

$363,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $158.17
  • 3 Days on Market
  • MLS # : 6181052
  • Updated Date : 01/15/2021 at 18:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,295 sqft
  • Baths : 2 full
Listing Agent

Homlinc

Listing Agent's Description

Gorgeous home in a highly desirable neighborhood with NO HOA! This home is freshly remodeled and features granite countertops in kitchen and both bathrooms, NEW stainless steel appliances, new carpet, 3 car garage. This home is with in walking distance to State farm stadium, Westmark, TopGolf and more!Home is vacant- show anytime!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glendale Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k283k

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

Neighborhood: Glendale Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621608

* 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
Desert Mirage Elementary School Primary Regular 642 30 5
Desert Mirage Elementary School Middle Regular 642 30 5
Copper Canyon High School High Regular 2,251 82 1

Desert Mirage Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Desert Mirage Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 30
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$326,700$399,300$363,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,261
Property Tax -$290
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$38

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.

$363,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$0.0$5.0k$10k$15k

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$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,261

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$23,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6253$1,6954$1,7505$1,760
$1,760
RENT COMPS ANALYSIS
  • 8342 W Rose Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.77
    •  
  • 8008 W Rancho Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2000
    LEASED 08/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 8008 W Stella Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.75
    •  
  • 7804 W Marlette Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 6163 N 88th Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1992
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
Robert A Gomez
Homlinc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181052
Last Updated: 01/15/2021
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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