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5401 W Sierra Street Glendale, AZ 85304

4 Beds 2 Baths 1,432 sqft Built 1979

$279,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $195.46
  • 3 Days on Market
  • MLS # : 6159945
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,432 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Beautifully UPDATED Glendale Home near ASU West * 4 bd 2 bath 2 Car Garage * NEW Carpet in Bdrms & Tile thru out rest of home * NEW Paint Inside & Out * GRANITE Countertops in Kitchen w/ STAINLESS STEEL Appliances * Large Dining Area w/ Double FRENCH DOOR to Back Patio * Family Room * NEW Lighting & Ceiling Fans * Nice Tile Shower in Master Bath * Master Bdrm has WALK-IN Closet * Inside Laundry * Low Maintenance Landscaping in Front & Back Yards w/ NEW Rock * Large Covered Patio in Back * Block Wall fence * Easy access to Shopping & Restaurants * No HOA * NOT FHA Eligible until 1/22/21

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

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
Desert Palms Elementary School Primary Regular 596 33 6
Desert Palms Elementary School Middle Regular 596 33 6
Ironwood High School High Regular 1,987 89 6

Desert Palms Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 33
6
GreatSchools Rating

Desert Palms Elementary School

  • Education Level: Middle
  • # of students: 596
  • # of teachers: 33
6
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,033
Property Tax -$150
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$57

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.

$279,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

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 $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,500

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
  • $1,371

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,3994$1,4255$1,430
$1,430
RENT COMPS ANALYSIS
  • 5401 W Sierra Street Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4821 W Bloomfield Road Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 5523 W Yucca Street Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.00
    •  
  • 4924 W Larkspur Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1976
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
  • 5404 W Poinsettia Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.93
    •  
PROPERTY LISTING DETAILS
James Lombardi
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159945
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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