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5110 E Sheridan Street Phoenix, AZ 85008

4 Beds 2 Baths 1,829 sqft Built 1966

$449,995

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $246.03
  • 2 Days on Market
  • MLS # : 6178934
  • Updated Date : 01/16/2021 at 21:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

*Showings to begin on 01/16* This wonderful mid century inspired property is nestled with views of Camelback to the North. In addition to the 4 bedrooms is a fully air conditioned/heated separate casita that would make a great office space, exercise/yoga/art room or whatever your family desires! The updated kitchen is spacious with custom maple cabinetry, stainless appliances, breakfast bar and tons of counter space! There is a sun-filled dining/breakfast room with views to the park-like back yard and a built in buffet. The master suite is very large for this era home and includes an ensuite and walk-in closet. You'll love the mature plants and trees in this pool-size private back yard. Enjoy your coffee on the oversized covered patio or on the deck of the redwood ramada.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$404,996$494,995$449,995

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,563
Property Tax -$266
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$181

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.

$449,995

PROJECTED PRICE

$1,810

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,999

INVESTMENT

$124,999

Down Payment
$112,499
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,499
Loan Amount $337,496
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,956

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
  • $1,806

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5993$1,7504$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5110 E Sheridan Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5885 E Thomas Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.94
    •  
  • 1815 N 50th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1983
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 5927 E Thomas Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 3038 N 52nd Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1955
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Patti Glauner
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178934
Last Updated: 01/16/2021
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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