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5754 W Larkspur Drive Glendale, AZ 85304

5 Beds 4 Baths 3,998 sqft Built 2000

$535,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $133.82
  • 2 Days on Market
  • MLS # : 6147140
  • Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,998 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Pride of Ownership is evident throughout this beautiful updated home. Welcoming palette, window blinds, handsome wood ''look'' tiled floors, & formal living/dining room. Plush newer carpet in all the right places, French doors to patio from family room, & ceiling fans. Center kitchen island, granite counters, breakfast bar, SS appliances, & plethora of wood cabinetry w/hardware. Bright & cheery breakfast nook w/backyard views. (2)Grand master retreats one on first level & one on 2nd level w/private en suites including dual sinks. Generous sized bedrooms, ample closets, interior laundry room w/utility sink, & upscale 3.5 baths w/granite counters. Amazing loft area w/endless possibilities. Enjoy the sparkling pool, covered patio, & lush green landscape. Do not miss out on this desert gem!

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
Marshall Ranch Elementary School Primary Regular 793 38 7
Marshall Ranch Elementary School Middle Regular 793 38 7
Ironwood High School High Regular 1,987 89 6

Marshall Ranch Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Marshall Ranch Elementary School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 38
7
GreatSchools Rating

Ironwood High School

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

$481,500$588,500$535,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,974
Property Tax -$286
Property Insurance -$105
HOA -$78
Property Management Fees -$99
CASH FLOW
-$272

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.

$535,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.42%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$15,693

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
  • $2,599

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,695
$2,695
RENT COMPS ANALYSIS
  • 5754 W Larkspur Drive Glendale, AZ 1
    • 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12695 N 57th Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.65
    •  
PROPERTY LISTING DETAILS
Michael Harris
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147140
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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