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5628 W Winnwood Avenue Glendale, AZ 85304

3 Beds 2 Baths 1,439 sqft Built 1982

$250,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $173.73
  • 3 Days on Market
  • MLS # : 6160251
  • Updated Date : 11/14/2020 at 09:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,439 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Nice 3 bedroom, 2 bath great room plan. Move in ready! Brand new carpet and paint. Lots of tile. Professionally cleaned. No HOA fees. Includes RV gate with parking slab behind and in front of gate. Refrigerator, washer and dryer are included and As IS. New roof and heat pump in 2010. All visitors please wear masks and use hand sanitizer prior to entering. Max 10 people at a time.

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PRICE & RENT TRENDS

Neighborhood: Winnwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Winnwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Desert Palms Elementary School Primary Regular 596 33 6
Desert Palms Elementary School Middle Regular 596 33 6
Ironwood High School High Regular 1,987 89 6

Desert Palms Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 33
6
GreatSchools Rating

Desert Palms Elementary School

  • Education Level: Middle
  • # of students: 596
  • # of teachers: 33
6
GreatSchools Rating

Ironwood High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$922
Property Tax -$134
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$30

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,378

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2403$1,2504$1,3995$1,430
$1,430
RENT COMPS ANALYSIS
  • 5628 W Winnwood Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.86
    •  
  • 11214 N 55th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1984
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 6005 W Desert Cove Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1986
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 5523 W Yucca Street Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1984
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.00
    •  
  • 5404 W Poinsettia Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cindy L Clark
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160251
Last Updated: 11/14/2020
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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