Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5381 N 82nd Avenue Glendale, AZ 85303

4 Beds 2 Baths 2,526 sqft Built 2001

$485,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $192.00
  • 5 Days on Market
  • MLS # : 6177369
  • Updated Date : 01/08/2021 at 19:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,526 sqft
  • Baths : 2 full
Listing Agent

Century 21 Toma Partners

Listing Agent's Description

Land HO! NO HOA! Close to a half acre with an RV gate, what! Stop the car, this is ready for rv's, a shop, boats, or you make it into an Oasis if you like. What's been done you ask...New a/c units 2016, new roof 2016, garage insulated 2018, new water heater, kitchen cabinets refinished, along with an extended back patio and ceiling fans for those Summer nights. Having 4 bedrooms, one in the front could be an office /study/guest bedroom. Two full bathrooms with double sinks, no sharing while washing. Come and see ! Close to Glendale Arena, Tanger Outlets, Restaurants and all of what Phoenix has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Emerald Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $83k372k

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

Neighborhood: Emerald Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621788

* 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
Coyote Ridge School Primary Regular 872 45 3
Coyote Ridge School Middle Regular 872 45 3
Independence High School High Regular 2,011 89 3

Coyote Ridge School

  • Education Level: Primary
  • # of students: 872
  • # of teachers: 45
3
GreatSchools Rating

Coyote Ridge School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 45
3
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 89
3
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,685
Property Tax -$279
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$239

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.

$485,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,830

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
  • $1,913

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5381 N 82nd Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,526 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,526 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8602 W Sells Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 7804 W Marlette Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 7574 W Montebello Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1990
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 7572 W Keim Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2012
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Marieelena Ramey
Century 21 Toma Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177369
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy