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

5420 E Thomas Road Phoenix, AZ 85018

3 Beds 2 Baths 1,428 sqft Built 1955

$409,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $287.04
  • 1 Days on Market
  • MLS # : 6155380
  • Updated Date : 11/02/2020 at 21:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

This is a super, desirable lower Arcadia location. Multiple homes in Sherwood Towne subdivision have sold from 700k to over one million dollars. Garage converted into additional room. Large lot. Newer water heater. Newer roof. Newer AC unit. Investors and Fixer Uppers take advantage of this opportunity to own in Arcadia. Make this your own. Seller loves the location of this home and is only selling because they are downsizing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sherwood Towne

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k465k

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

Neighborhood: Sherwood Towne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342258

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,512
Property Tax -$212
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$219

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.

$409,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.1%
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$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,8003$1,8954$1,9005$2,095
$2,095
RENT COMPS ANALYSIS
  • 5420 E Thomas Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.16
    •  
  • 3421 N 51st Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
  • 2611 N 51st Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 1954
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.34
    •  
  • 5225 E Virginia Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.27
    •  
  • 4814 E Avalon Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1956
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.44
    •  
PROPERTY LISTING DETAILS
Sheryl A Chiaramonte
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155380
Last Updated: 11/02/2020
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.

BESbswy