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5165 W Frier Drive Glendale, AZ 85301

2 Beds 2 Baths 1,779 sqft Built 1998

$325,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $182.69
  • 2 Days on Market
  • MLS # : 6164941
  • Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,779 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

ORIGINAL OWNERS, METICULOUSLY MAINTAINED, backs up to common area with no neighbors behind you. BRIGHT, SPACIOUS OPEN FLOOR PLAN with 2 Beds/2 Baths and a den/office that can easily be converted to a 3rd bedroom. Tons of natural light in all rooms makes this house both charming and inviting. Vaulted ceilings and lighted art niches to show off your decor. Inside laundry with sink and cabinets. In the backyard, you'll enjoy a full-length covered patio with a Pebble Tec play pool with water feature and landscape lighting, great for entertaining family and friends. 2-Car garage w/attached cabinets and service door to conveniently access the backyard. HVAC replaced in 2013. Partial Master Bath updated 2020 This house is a 'must see'...you won't be disappointed. Schedule showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Manistee Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Manistee Ranch

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
Horizon School Primary Regular 863 41 6
Horizon School Middle Regular 863 41 6
Glendale High School High Regular 1,719 75 4

Horizon School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Horizon School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 41
6
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,199
Property Tax -$187
Property Insurance -$62
HOA -$23
Property Management Fees -$99
CASH FLOW
-$120

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.

$325,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,097

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
  • $1,542

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2753$1,3004$1,399
$1,399
RENT COMPS ANALYSIS
  • 5165 W Frier Drive Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,779 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,779 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6550 N 47th Avenue #113 Glendale, AZ 2
    • 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,454 Sqft ∙ Built 1984
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.88
    •  
  • 6550 N 47th Avenue #144 Glendale, AZ 3
    • 2 beds 3 baths ∙ 1,437 Sqft ∙ Built 1989 2 beds 3 baths ∙ 1,437 Sqft ∙ Built 1989
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 5468 W Laurie Lane Glendale, AZ 4
    • 2 beds 3 baths ∙ 1,696 Sqft ∙ Built 1980 2 beds 3 baths ∙ 1,696 Sqft ∙ Built 1980
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.82
    •  
PROPERTY LISTING DETAILS
Denise Gallagher
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164941
Last Updated: 11/28/2020
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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