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5820 W Marconi Avenue Glendale, AZ 85306

3 Beds 2 Baths 1,839 sqft Built 1974

$400,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $217.51
  • 5 Days on Market
  • MLS # : 6169299
  • Updated Date : 12/11/2020 at 09:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,839 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow Popular Sunburst Farms home! Mini Ranch/Farm! Huge lot 16,041 with electric RV gate, covered parking area too! Hallcraft Holiday model, Block construction. Floor plan offers split master, 3 bedroom 2 bath with both formal living & family rooms. Pass through kitchen has breakfast bar, newer appliances. Updated: Baths, Dual pane windows, Slider door, Newer carpet, ceiling fans. Spacious backyard w pebble Tec pool & water feature, full back patio, Two storage sheds, Dog run area, raised Veg garden boxes & plenty of room for the toys or Ducks and Chickens, Horse? Backs to bridle path. Refrigerator, Washer & dryer conveys with home.PRE-PAID SOLAR LEASE THROUGH 1/11/2036 LOW POWER BILLS!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k291k

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

Neighborhood: Bell-Greenway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
Canyon Elementary School Primary Regular 329 67 5
Canyon Elementary School Middle Regular 329 67 5
Cactus High School High Regular 1,283 61 5

Canyon Elementary School

  • Education Level: Primary
  • # of students: 329
  • # of teachers: 67
5
GreatSchools Rating

Canyon Elementary School

  • Education Level: Middle
  • # of students: 329
  • # of teachers: 67
5
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,476
Property Tax -$214
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$292

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.

$400,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$1,6954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 5820 W Marconi Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.85
    •  
  • 5743 W Monte Cristo Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 5516 W Beck Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1974
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 15257 N 53rd Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1973
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 6051 W Carol Ann Way Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dale B Chandler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169299
Last Updated: 12/11/2020
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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