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5113 W Park View Lane Glendale, AZ 85310

3 Beds 2 Baths 3,473 sqft Built 1984

$919,990

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $264.90
  • 7 Days on Market
  • MLS # : 6182337
  • Updated Date : 01/21/2021 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,473 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Beautiful custom home with EVERYTHING you could want. The entertainers dream back yard that includes a Built in BBQ, Large yard, firepit and luxurious pool with above ground SPA. The main house has plantation shutters throughout, hardwood interior doors, new interior paint (May 2020) and 2 fireplaces! There is a 900 sq/ft guest house that includes a large bedroom with walk-in closet, bathroom, full kitchen and laundry room. Alongside the guest house is a 1900 sq/ft detached garage that accommodate parking for 8+ Vehicles, has 2 bay doors, and even a full bathroom (Shower included!). The backyard also offers a raised garden bed, RV Gates, several fruit trees, and RV Hook-Up and wrap around drive! House and garage have new roofs as well (April 2020).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $104k638k

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

Neighborhood: Park View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9523032

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$827,991$1,011,989$919,990

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,195
Property Tax -$548
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
-$867

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.

$919,990

PROJECTED PRICE

$3,070

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$249,547

INVESTMENT

$249,547

Down Payment
$229,998
Rehab Estimate
$5,750
Closing Costs
$13,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,195

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $229,998
Loan Amount $689,993
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,028

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
  • $2,692

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,895
$2,895
RENT COMPS ANALYSIS
  • 5113 W Park View Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 3,473 Sqft ∙ Built 1984 3 beds 2 baths ∙ 3,473 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5719 W Cielo Grande Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 5701 W Ludden Mountain Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tayler Mcneil
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182337
Last Updated: 01/21/2021
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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