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

5651 W Pierson Street Phoenix, AZ 85031

4 Beds 2 Baths 1,927 sqft Built 1958

$275,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $142.71
  • 3 Days on Market
  • MLS # : 6181662
  • Updated Date : 01/16/2021 at 21:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,927 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 4 bedroom, 2 bathroom home with new roof; family will enjoy large back yard oasis offering artificial turf and pavered patio and outdoor BBQ/dining area as well as doggy gated play area and RV gate; spacious living areas with one including a fireplace; spacious kitchen includes granite counter tops, freshly painted cabinets and larger island; energy efficient home with dual plane windows throughout and newer A/C unit only two years old; front yard has new sprinkler system.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
John F. Long Elementary School Primary Regular 866 40 3
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

John F. Long Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 40
3
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$955
Property Tax -$166
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$65

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.

$275,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$21,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,378

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,3504$1,3995$1,595
$1,595
RENT COMPS ANALYSIS
  • 5651 W Pierson Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 5631 N 61st Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1959
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.71
    •  
  • 5361 N 61st Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 6124 W Oregon Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.73
    •  
  • 6426 W Medlock Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 1959
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
PROPERTY LISTING DETAILS
Elizabeth Bortolotti
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181662
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy