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5231 W Pontiac Drive Glendale, AZ 85308

3 Beds 2 Baths 1,679 sqft Built 1997

$335,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $199.52
  • 4 Days on Market
  • MLS # : 6174497
  • Updated Date : 12/24/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Adorable home in the popular Arrowhead Lakes Community. 3 bedrooms 2 bath with a nice open floorplan and vaulted ceilings. Kitchen comes with all appliances and has a nice size island in the center. Master bath has double vanities and a separate tub and shower. Home features slider Patio doors from the family room and master bedroom that lead you out to a great oversized lot with covered patio. Home has 2.5 car garage. All of this plus the amenities of Arrowhead Lakes Community to include gorgeous parks, walking path with lake views and much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $104k575k

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

Neighborhood: Arrowhead Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9522397

* 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
Legend Springs Elementary School Primary Regular 647 36 9
Legend Springs Elementary School Middle Regular 647 36 9
Mountain Ridge High School High Regular 2,206 94 7

Legend Springs Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Legend Springs Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
9
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,236
Property Tax -$238
Property Insurance -$60
HOA -$18
Property Management Fees -$99
CASH FLOW
-$2

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.

$335,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6504$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 5231 W Pontiac Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 4764 W Wahalla Lane Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1985
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 5219 W Pontiac Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 5203 W Pontiac Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1996
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
  • 5331 W Pontiac Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1995
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Christy Rios
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174497
Last Updated: 12/24/2020
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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