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5020 W Cholla Street Glendale, AZ 85304

4 Beds 3 Baths 2,901 sqft Built 2006

$589,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $203.34
  • 11 Days on Market
  • MLS # : 6169969
  • Updated Date : 01/01/2021 at 23:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,901 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

This beautiful custom home welcomes you with great curb appeal. RV Parking! No HOA! Inside you will love the finishes that are warm & inviting. Upgrades include beautiful hardwood flooring, tile, custom wood ceilings and hand hewn beams, wood shutters and quality construction. 12' ceilings in great room and kitchen. Kitchen was designed for the chef w/ gas burners & dual oven with an oversized vent! Upgraded cabinets, granite counters with lots of space for meal prep or entertaining. Stunning great room looks out to the backyard. Master bedroom is spacious, jetted tub, shower & large walk in closet with shelving. Secondary bedrooms are large & 4th bedroom is the guest quarters w/ bathroom & private entrance from back courtyard. Great floorplan for generational living!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Joy Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $83k436k

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

Neighborhood: Joy Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8621952

* 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
Arroyo Elementary School Primary Regular 599 36 4
Arroyo Elementary School Middle Regular 599 36 4
Moon Valley High School High Regular 1,479 70 5

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Arroyo Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 36
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,176
Property Tax -$342
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$461

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.

$589,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,176

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2403$2,3454$2,400
$2,400
RENT COMPS ANALYSIS
  • 5020 W Cholla Street Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,901 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,901 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.77
    •  
  • 5821 W Bloomfield Road Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.71
    •  
  • 12521 N 57th Avenue Glendale, AZ 3
    • 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1999
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.86
    •  
  • 5772 W Windrose Drive Glendale, AZ 4
    • 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
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 #: 6169969
Last Updated: 01/01/2021
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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