Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5621 W Eva Street Glendale, AZ 85302

5 Beds 2 Baths 1,680 sqft Built 1971

$315,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $187.50
  • 2 Days on Market
  • MLS # : 6190879
  • Updated Date : 02/06/2021 at 19:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Incredible opportunity to own this 5bed/2bath beautifully remodeled ranch style Glendale home in a great location. Close to GCC, Saguaro Ranch Park and Historic Downtown Glendale. This gem features charming curb appeal, with RV gate, leading into the must see interior with vaulted ceilings, modern grey paint tones and a fluid flowing floorplan. Perfect for entertaining. Stylish kitchen boasts stainless steel appliances, granite counter tops, built-in desk and crisp white cabinetry. Bedrooms are generously sized and offer flexibility. The spacious backyard with covered patio is ready for all of your personal touches. Do not miss out on this gem. See it today!

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,094
Property Tax -$169
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$52

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.

$315,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.43%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,811

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
  • $1,520

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5203$1,5454$1,6995$1,875
$1,875
RENT COMPS ANALYSIS
  • 5621 W Eva Street Glendale, AZ 1
    • 5 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971 5 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6428 W Sunnyslope Lane Glendale, AZ 2
    • 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
    •  
  • 6331 W Townley Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.97
    •  
  • 5028 W Harmont Drive Glendale, AZ 4
    • 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
    •  
  • 4622 W Echo Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Macario Sanchez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190879
Last Updated: 02/06/2021
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.

BESbswy