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

5828 W Michelle Drive Glendale, AZ 85308

3 Beds 2 Baths 1,634 sqft Built 1980

$300,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $183.60
  • 5 Days on Market
  • MLS # : 6155838
  • Updated Date : 11/04/2020 at 11:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

*Turn Key & Ready for Immediate Move-In* 5828 W Michelle Dr in Glendale is located with close access to the Loop 101 and with NO HOA! The entire home is tiled with NO Carpet. Nice dine in the kitchen with a new stove right off the beautiful Arizona Room enclosed Patio! Newer Dual-Pane windows, roof & A/C. Nice grass covered backyard with landscaping design elements/raised flower beds. Large STORAGE shed privately separated from the backyard. The Master Bedroom has a nice updated ensuite Bathroom with tiled shower surround and new pedestal sink. FRESH & CLEAN! Located close to schools, shopping & dining. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k366k

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

Neighborhood: Cholla

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* 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
Greenbrier Elementary School Primary Regular 387 25 7
Greenbrier Elementary School Middle Regular 387 25 7
Deer Valley High School High Regular 1,854 95 5

Greenbrier Elementary School

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Greenbrier Elementary School

  • Education Level: Middle
  • # of students: 387
  • # of teachers: 25
7
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,107
Property Tax -$214
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$38

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.

$300,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$17,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5453$1,6504$1,6995$1,750
$1,750
RENT COMPS ANALYSIS
  • 5828 W Michelle Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.88
    •  
  • 5702 W Wagoner Road Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1985
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.94
    •  
  • 5831 W Muriel Drive Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 5801 W Muriel Drive Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1981
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.02
    •  
  • 5802 W Campo Bello Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1983
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jonathan Gotcher
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155838
Last Updated: 11/04/2020
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.

BESbswy