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5762 N 105th Lane Glendale, AZ 85307

3 Beds 2 Baths 1,998 sqft Built 1993

$439,500

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $219.97
  • 4 Days on Market
  • MLS # : 6192178
  • Updated Date : 02/13/2021 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,998 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to Thoroughbred Farms where country in the city is a way of life. Imagine an irrigated 23700+ SF lot where your horses can stay!! NO HOA!! Roof, AC, garage door & opener replaced in 2016. Inside a spacious split plan, highlighted by new flooring, sweeping ceilings & a permitted addition to die for. Open kitchen with breakfast nook, refinished cabinetry, stainless appliances & granite. Hall bath updated with a farmhouse facelift. Outside is your private oasis, trees & mature vegetation everywhere + orange, lemon & pomegranate flourish. 2 Car garage + a detached shop & covered carport/workspace, RV pad & hook-ups. Hey ladies...my considerate seller started your she-shed!! This is an excellent, quiet & well maintained neighborhood. What a great place to call home. Buyer to verify info

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thoroughbred Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k351k

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

Neighborhood: Thoroughbred Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621789

* 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
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$395,550$483,450$439,500

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,527
Property Tax -$377
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$418

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.

$439,500

PROJECTED PRICE

$1,650

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,218

INVESTMENT

$122,218

Down Payment
$109,875
Rehab Estimate
$5,750
Closing Costs
$6,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,527

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,875
Loan Amount $329,625
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,845

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
  • $1,593

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4253$1,5134$1,6495$1,675
$1,675
RENT COMPS ANALYSIS
  • 5762 N 105th Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10330 W San Juan Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 5704 N 103rd Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
  • 10217 W Georgia Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
  • 5406 N 104th Drive Glendale, AZ 5
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lisa M Mcdermed
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192178
Last Updated: 02/13/2021
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.

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