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5576 W Christy Drive Glendale, AZ 85304

5 Beds 3 Baths 4,147 sqft Built 1989

$529,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $127.78
  • 6 Days on Market
  • MLS # : 6184680
  • Updated Date : 02/05/2021 at 17:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,147 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

No HOA! This beautiful 5 bedroom, 3 bathroom home sits on a corner lot & boasts upgrades throughout. Enter to a formal front room perfect for a large living or dining room. Continue to a gorgeous, fully remodeled kitchen featuring gourmet cabinets, oversized island, granite countertops, & large butler's pantry. Off of the kitchen is another large dining area. The downstairs features a sprawling family room w/ fireplace, two bedrooms, laundry room, & full bathroom. Upstairs, you'll find the master suite complete w/ large master bedroom, master bathroom w/ separate shower & garden tub, dual sinks, & a large walk-in closet. Upstairs also features two guest bedrooms & another full bathroom. Continue to a 600+ square foot bonus room complete w/ kitchenette featuring gourmet cabinets, granite

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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$476,910$582,890$529,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,841
Property Tax -$284
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$99

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.

$529,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$40,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,695
$2,695
RENT COMPS ANALYSIS
  • 5576 W Christy Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 1989 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.59
    •  
  • 12695 N 57th Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.65
    •  
PROPERTY LISTING DETAILS
Charles Jones
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184680
Last Updated: 02/05/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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