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5602 W Saguaro Park Lane Glendale, AZ 85310

4 Beds 3 Baths 2,719 sqft Built 1990

$700,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $257.45
  • 3 Days on Market
  • MLS # : 6206560
  • Updated Date : 03/12/2021 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,719 sqft
  • Baths : 2 full , 1 half
Listing Agent

H2 Realty

Listing Agent's Description

This lovely 2,719 sq ft home features 4 beds, 2.5 baths, loft, 3 car garage and approx. 17,000 sq ft lot. A grand entrance, formal living & dining rooms, separate family room, updated kitchen with granite countertops & stainless steel appliances & french doors leading to patio. Master suite w/walk in closet, huge two person jacuzzi bath tub, upgraded tile & countertops, separate walk in shower. Beautiful Italian porcelain wood plank tile downstairs, stunning wood flooring upstairs. The backyard is an entertainer's dream with the sparkling pool, large open play area, balcony over looking the backyard with gorgeous mountain views and RV parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $104k561k

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

Neighborhood: Northwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9522664

* 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

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

$630,000$770,000$700,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,431
Property Tax -$417
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$868

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.

$700,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,298

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0503$2,1604$2,2005$2,275
$2,275
RENT COMPS ANALYSIS
  • 5602 W Saguaro Park Lane Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.79
    •  
  • 5226 W El Cortez Trail Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 5141 W Swayback Pass Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,613 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,613 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 23829 N 58th Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 5236 W Creedance Boulevard Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1993
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.92
    •  
PROPERTY LISTING DETAILS
Elizabeth Todd
H2 Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206560
Last Updated: 03/12/2021
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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