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5102 W Cholla Street Glendale, AZ 85304

3 Beds 2 Baths 1,279 sqft Built 1979

$285,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $222.83
  • 1 Days on Market
  • MLS # : 6207103
  • Updated Date : 03/13/2021 at 23:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,279 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Can not be shown till we have an offer on it. Charming corner lot home in the highly sought after Parkview West subdivision. Open floor plan, 3 bedrooms, 2 bathrooms, 2 car garage with lots of upgrades, roof and AC are only 3 years old, modern fresh paint inside and out. New carpet, tile in all the right places, open spacious kitchen, stainless steel appliances, dual pane windows, nice sized dining room, large laundry room, Fireplace, NO HOA, close to schools, parks, freeways, dining, shopping, Westgate entertainment center, Tanger outlet mall and so much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$990
Property Tax -$153
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$114

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.

$285,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.41%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,874

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
  • $1,237

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4254$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 5102 W Cholla Street Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5523 W Yucca Street Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.00
    •  
  • 4924 W Larkspur Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
  • 5404 W Poinsettia Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 5205 W Lupine Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 1978
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
PROPERTY LISTING DETAILS
Zak Gashi
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207103
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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