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5122 W Evans Drive Glendale, AZ 85306

4 Beds 2 Baths 1,980 sqft Built 1972

$334,500

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $168.94
  • 3 Days on Market
  • MLS # : 6172940
  • Updated Date : 12/19/2020 at 11:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fabulous 4 bed, 2 bath corner lot home has a sparkling pool and RV gates on the side street. Spacious open floor plan that flows to the kitchen, dining, family room and sunken formal living room. Laminate wood & tile floors in all the right places, plantation shutters and the kitchen has maple cabinets, Corian counter tops and white appliances. Generous sized bedrooms. Wonderful large laundry room has a sink, storage cabinets and a folding counter. The master has a full bath, vanity area and walk-in closet. Close to schools, ASU West Campus, medical facilities and the I-17.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Acoma

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Acoma

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
Kachina Elementary School Primary Regular 454 31 6
Kachina Elementary School Middle Regular 454 31 6
Cactus High School High Regular 1,283 61 5

Kachina Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 31
6
GreatSchools Rating

Kachina Elementary School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 31
6
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$301,050$367,950$334,500

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,234
Property Tax -$179
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$62

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.

$334,500

PROJECTED PRICE

$1,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$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$94,393

INVESTMENT

$94,393

Down Payment
$83,625
Rehab Estimate
$5,750
Closing Costs
$5,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,234

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,625
Loan Amount $250,875
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$30,991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,7004$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 5122 W Evans Drive Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.83
    •  
  • 5619 W Crocus Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 15257 N 53rd Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 5119 W Port Au Prince Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 15234 N 51st Drive Glendale, AZ 5
    • 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,132 Sqft ∙ Built 1972
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jason Beck
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172940
Last Updated: 12/19/2020
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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