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5001 W Mclellan Road Glendale, AZ 85301

3 Beds 2 Baths 1,197 sqft Built 1960

$239,900

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $200.42
  • 6 Days on Market
  • MLS # : 6155932
  • Updated Date : 11/20/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,197 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 3 Bedroom, 2 Bath, Single Level Home, Open Kitchen w/Newer Appliances, Eat-In Kitchen Dining Room, Spacious Family Room, Newer Tile Flooring, Master Bedroom w/Ensuite Master Bathroom, 2 Bedrooms & Hallway Bathroom, 1 Car Carport, Large RV Gate & RV Parking, Gated Alley Access, Large Shed in Backyard, Come Check It Out!

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
Glenn F. Burton School Primary Regular 797 41 3
Glenn F. Burton School Middle Regular 797 41 3
Apollo High School High Regular 1,976 91 6

Glenn F. Burton School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Glenn F. Burton School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
3
GreatSchools Rating

Apollo High School

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

$215,910$263,890$239,900

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$885
Property Tax -$138
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$143

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.

$239,900

PROJECTED PRICE

$1,030

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$6,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,044

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9253$1,0504$1,1505$1,300
$1,300
RENT COMPS ANALYSIS
  • 5001 W Mclellan Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5917 N 48th Avenue Glendale, AZ 2
    • 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,090 Sqft ∙ Built 1974
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.85
    •  
  • 5036 W Ocotillo Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.86
    •  
  • 4722 W Rose Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.87
    •  
  • 4913 W Maryland Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1961
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155932
Last Updated: 11/20/2020
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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