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5113 W Sweetwater Avenue Glendale, AZ 85304

3 Beds 2 Baths 1,911 sqft Built 1979

$315,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $164.84
  • 4 Days on Market
  • MLS # : 6162135
  • Updated Date : 11/21/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Sam W Abraham Realty

Listing Agent's Description

Solid brick house in great area near ASU West Campus. 3 bedrooms, 2 baths and 2 car garage. Very cozy & well maintained home. Very bright kitchen overlooking relaxing backyard including a covered patio. Open kitchen to family with wood burning fireplace. Come see before it's gone!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k286k

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

Neighborhood: Sunset Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,162
Property Tax -$169
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$34

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

$1,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5253$1,5454$1,5855$1,595
$1,595
RENT COMPS ANALYSIS
  • 5113 W Sweetwater Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.76
    •  
  • 12446 N 50th Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 12427 N 49th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1978
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.78
    •  
  • 5227 W Hearn Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1972
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.87
    •  
  • 5138 W Sweetwater Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1984
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
PROPERTY LISTING DETAILS
Sam W Abraham
Sam W Abraham Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162135
Last Updated: 11/21/2020
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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