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5130 W Redfield Road Glendale, AZ 85306

4 Beds 4 Baths 2,320 sqft Built 1972

$379,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $163.75
  • 3 Days on Market
  • MLS # : 6186977
  • Updated Date : 01/30/2021 at 22:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,320 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Check out this pristine 4 Bedroom, 3.5 Bath no HOA home in Glendale! The pride of ownership shines bright throughout this beautiful home. As you walk through the front door of this unique Tri-Level residence, you will notice the gorgeous Vinyl Plank wood-look flooring throughout the main level. The Kitchen boasts custom cabinetry, new Quartz Countertops, and stainless steel appliances. There's even a useful built-in desk area that's perfect for working from home! The main level also features the living room, powder bath, large laundry room, dining area, and a 2-car garage with nice cabinetry. Off of the living room you have access to the back patio where you get to enjoy the views of the newly remodeled Diving Pool, luscious grassy area, and above ground Hot Tub! This home features TWO

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PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

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

Cactus High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,320
Property Tax -$203
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$46

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.

$379,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$27,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,7004$1,7405$1,825
$1,825
RENT COMPS ANALYSIS
  • 5130 W Redfield Road Glendale, AZ 4
    • 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.75
    •  
  • 5138 W Sweetwater Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1984
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 5843 W Crocus Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1980
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 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
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 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
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
PROPERTY LISTING DETAILS
Hannah Wilmot
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186977
Last Updated: 01/30/2021
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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