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5222 W Aster Drive Glendale, AZ 85304

3 Beds 2 Baths 1,416 sqft Built 1982

$280,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $197.74
  • 4 Days on Market
  • MLS # : 6159495
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Must see this charming 3 bedroom home close to ASU West Campus! Great home for students or hospital workers to be able to walk to class or work! The home features vaulted ceilings, fresh interior paint, and updated plank flooring throughout. The kitchen is spacious and open to the front living room that has a cozy wood burning fireplace. There is a larger family room at the back of the house with another wood burning fireplace and decorative wood beam accent and leads out to the back covered patio. The backyard is HUGE with tons of potential to create your own private oasis. Come and see for yourself the potential this home has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $97k271k

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

Neighborhood: Thunderbird Palms-Hickory Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9501567

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,033
Property Tax -$150
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$47

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.

$280,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,3504$1,3955$1,425
$1,425
RENT COMPS ANALYSIS
  • 5222 W Aster Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.91
    •  
  • 4746 W Aster Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 14070 N 48th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 4821 W Bloomfield Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 4924 W Larkspur Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159495
Last Updated: 11/13/2020
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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