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5620 W Greenbriar Drive Glendale, AZ 85308

3 Beds 3 Baths 1,324 sqft Built 1977

$327,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $246.98
  • 3 Days on Market
  • MLS # : 6156896
  • Updated Date : 11/06/2020 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,324 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Cozy 3 bedroom 2 Bath home with a POOL, located near shopping, dining, ASU West, Midwestern University, Thunderbird Graduate School and more! Major remodeling completed in 2007 means this home has granite countertops and tile in all the right places! Did I mention that this home is located in a cal-de-sac and also has a RV gate and large side yard? NO HOA means you can bring your toys and park them on your property! Come see your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k366k

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

Neighborhood: Cholla

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
 

$294,300$359,700$327,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,206
Property Tax -$233
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$291

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.

$327,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.40%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$92,405

INVESTMENT

$92,405

Down Payment
$81,750
Rehab Estimate
$5,750
Closing Costs
$4,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,750
Loan Amount $245,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,331

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4754$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 5620 W Greenbriar Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 1,324 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,324 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 5626 W Charleston Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 5720 W Wagoner Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1985
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.07
    •  
  • 5514 W Wagoner Road Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1983
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.01
    •  
  • 5831 W Muriel Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Elizabeth A Hofstetter
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156896
Last Updated: 11/06/2020
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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