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5429 W Villa Rita Drive Glendale, AZ 85308

3 Beds 2 Baths 1,986 sqft Built 1995

$394,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $198.84
  • 4 Days on Market
  • MLS # : 6167077
  • Updated Date : 12/03/2020 at 10:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story beauty on a corner lot in Union Hills! This home has refreshed with two-tone interior paint. Ceramic tile and laminate flooring, no carpet! Vaulted ceilings in the main areas for a light open feel. An office and formal living room flank the entry with a great room/kitchen at the back of the home. The kitchen features granite countertops and tile backsplash, an island for extra prep and storage, and stainless steel appliances. The primary bedroom has vaulted ceilings and a private exit to the backyard. The primary ensuite bathroom has dual glass bowl sinks, separate shower and garden tub, and a huge walk in closet. The backyard has a covered patio, extended concrete area and artificial grass. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Miramonte

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Miramonte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Bellair Elementary School Primary Regular 475 30 6
Bellair Elementary School Middle Regular 475 30 6
Deer Valley High School High Regular 1,854 95 5

Bellair Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Bellair Elementary School

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 30
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$355,410$434,390$394,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,457
Property Tax -$281
Property Insurance -$66
HOA -$55
Property Management Fees -$99
CASH FLOW
-$248

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.

$394,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$5.0k$0.0$5.0k$10k

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$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7103$1,7504$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 5429 W Villa Rita Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.86
    •  
  • 17844 N 55th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1979
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 5802 W Campo Bello Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 17465 N 54th Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 5422 W Bluefield Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1996
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167077
Last Updated: 12/03/2020
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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