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5435 W Wagoner Road Glendale, AZ 85308

3 Beds 3 Baths 2,236 sqft Built 1996

$400,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $178.89
  • 3 Days on Market
  • MLS # : 6170514
  • Updated Date : 12/18/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

This beautiful Spanish style home features 2 stories, 3 bedrooms, 2.5 bathrooms and 2,236 square feet! Located in a great location close to entertainment, schools, and shopping! As you walk in this home you will notice the inviting tall vaulted ceilings and spacious formal room and dinning room! With an open design in the kitchen with stainless appliances, newly painted cabinets in 2019, kitchen island and granite countertops! Also included with this home is a large backyard with a grass area and a fenced off pebble tec pool paired with a gorgeous Ramada and spa! The loft offers a great bonus room for entertainment or an office space! The master bedroom offers a walk-in closet, direct access to the separate shower and bath, upgraded vanity and double sinks! Schedule a showing today!!

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,476
Property Tax -$285
Property Insurance -$71
HOA -$55
Property Management Fees -$99
CASH FLOW
$25

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.

$400,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$28,816

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
  • $2,012

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6353$1,6954$1,8505$2,095
$2,095
RENT COMPS ANALYSIS
  • 5435 W Wagoner Road Glendale, AZ 1
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5232 W Taro Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1996
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.85
    •  
  • 17844 N 55th Avenue Glendale, AZ 3
    • 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
    •  
  • 5422 W Bluefield Avenue Glendale, AZ 4
    • 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
    •  
  • 19239 N 54th Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1999
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jason L Penrose
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170514
Last Updated: 12/18/2020
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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