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5531 W Butler Drive Glendale, AZ 85302

5 Beds 2 Baths 1,806 sqft Built 1971

$274,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $151.72
  • 3 Days on Market
  • MLS # : 6154898
  • Updated Date : 11/01/2020 at 16:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Great North/South facing family home with 5 bedrooms. conveniently located close to schools, shopping, restaurants, parks and more. This home features inside laundry, tile in all the right places, fireplace, covered patio, diving pool, no HOA, and a new exterior Cool paint that comes with a 25 year warranty. Don't pass this one up.

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
Glendale American School Primary Regular 791 39 3
Glendale American School Middle Regular 791 39 3
Glendale High School High Regular 1,719 75 4

Glendale American School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale American School

  • Education Level: Middle
  • # of students: 791
  • # of teachers: 39
3
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$246,600$301,400$274,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,011
Property Tax -$157
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$100

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.

$274,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.52%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,360

INVESTMENT

$78,360

Down Payment
$68,500
Rehab Estimate
$5,750
Closing Costs
$4,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,500
Loan Amount $205,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$30,491

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
  • $1,481

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5204$1,5505$1,699
$1,699
RENT COMPS ANALYSIS
  • 5531 W Butler Drive Glendale, AZ 1
    • 5 beds 2 baths ∙ 1,806 Sqft ∙ Built 1971 5 beds 2 baths ∙ 1,806 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5707 W Hatcher Road Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1979
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 6428 W Sunnyslope Lane Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.85
    •  
  • 4546 W Onyx Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,876 Sqft ∙ Built 1976
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 5028 W Harmont Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1975
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joe Perez
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154898
Last Updated: 11/01/2020
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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