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5526 W Indianola Avenue Phoenix, AZ 85031

3 Beds 2 Baths 2,300 sqft Built 1956

$260,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $113.04
  • 3 Days on Market
  • MLS # : 6159866
  • Updated Date : 11/13/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Spacious single level home with sparkling POOL, RV gate, and NO HOA! Versatile floor plan offers 3 bedrooms, 2 additional flex rooms (could be bedrooms), bonus room, and work shop. Updated kitchen with espresso cabinets, granite counters, and stainless steel appliances. Large master bedroom with dual vanity and custom tile step-in shower. Beautifully updated guest bath with new vanity, upgraded plumbing & light fixtures, and custom tile tub surround. Neutral paint and tile flooring throughout NO CARPET! Backyard has pool & gazebo and separate fenced area with RV gate, slab parking space, and storage shed. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Frank Borman Elementary School Primary Regular 1,241 56 1
Frank Borman Elementary School Middle Regular 1,241 56 1
Maryvale High School High Regular 2,948 132 2

Frank Borman Elementary School

  • Education Level: Primary
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Frank Borman Elementary School

  • Education Level: Middle
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$959
Property Tax -$157
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$77

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.

$260,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,3993$1,4004$1,4455$1,495
$1,495
RENT COMPS ANALYSIS
  • 5526 W Indianola Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.53
    •  
  • 5808 W Rosewood Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1957
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.65
    •  
  • 4118 N 63rd Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1962
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
  • 5353 N 61st Avenue Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1959
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.68
    •  
  • 2925 N 47th Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159866
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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