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5111 W Larkspur Drive Glendale, AZ 85304

3 Beds 2 Baths 1,538 sqft Built 1979

$315,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $204.81
  • 2 Days on Market
  • MLS # : 6179034
  • Updated Date : 01/09/2021 at 16:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,538 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Pool, RV Gate, New floors! This home has 3 bedrooms with 2 bathrooms. Primary bedroom has a sitting room. New flooring was installed January 2021. Backyard has an extended patio looking into your private pool. RV gate on the side of the house. Come check out your new home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $97k271k

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

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9501567

* 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
Marshall Ranch Elementary School Primary Regular 793 38 7
Marshall Ranch Elementary School Middle Regular 793 38 7
Ironwood High School High Regular 1,987 89 6

Marshall Ranch Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Marshall Ranch Elementary School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Ironwood High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,094
Property Tax -$169
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$161

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.

$315,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$35,168

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
  • $1,450

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4254$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5111 W Larkspur Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4821 W Bloomfield Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 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 01/04/21
    • 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
    •  
  • 12414 N 44th Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Chris Bowers
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179034
Last Updated: 01/09/2021
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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