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1955 W Shady Glen Avenue Phoenix, AZ 85023

3 Beds 2 Baths 1,643 sqft Built 1975

$325,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $197.81
  • 2 Days on Market
  • MLS # : 6174156
  • Updated Date : 01/02/2021 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Awesome home with 90k Remodel a few years back. Huge Granite Island Kitchen with Soft Close Cherry Cabinets. Double Sized normal Stainless Frigidaire Refrigerator and Freezer in Kitchen. 18'' Tile Flooring throughout Great Room. New Carpet in all bedrooms, Stove is Induction and convection oven, Solar Panels on roof paid off, huge savings on electric bill. Oversized RV Gate and Parking on side of home. Home is in Excellent condition. LED lighting throughout house. Has EVAP cooler as well.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Village Meadows Elementary School Primary Regular 470 33 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Village Meadows Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 33
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$292,500$357,500$325,000

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 -$1,199
Property Tax -$195
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$52

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,596

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
  • $0.91

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5254$1,5455$1,649
$1,649
RENT COMPS ANALYSIS
  • 1955 W Shady Glen Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 2240 W Danbury Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 1411 W Villa Theresa Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.99
    •  
  • 1404 W Libby Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.00
    •  
  • 1538 W Charleston Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174156
Last Updated: 01/02/2021
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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