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5833 W Citrus Way Glendale, AZ 85301

4 Beds 3 Baths 2,187 sqft Built 1965

$304,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $139.41
  • 3 Days on Market
  • MLS # : 6193705
  • Updated Date : 02/12/2021 at 20:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona 1st Land & Home Re Co

Listing Agent's Description

WELL MAINTAINED 4 BEDROOM 2.5 BATH GLENDALE TRI LEVEL BLOCK CONSTRUCTED HOME ON A LARGE LOT. INVITING GREEN FRONT YARD WITH MATURE SHADE TREES. TILE FLOORING IN MAIN LIVING AREAS. FORMAL LIVING AND DINING, OPEN UPDATED KITCHEN, HUGE FAMILY/BONUS ROOM WITH FIREPLACE. EXTENDED COVERED REAR PATIO WITH GENEROUS BACKYARD. CALL TODAY TO SCHEDULE YOUR VIEWING.

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PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Glendale High School High Regular 1,719 75 4

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,059
Property Tax -$175
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$117

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.

$304,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$28,862

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
  • $1,515

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4454$1,5355$1,595
$1,595
RENT COMPS ANALYSIS
  • 5833 W Citrus Way Glendale, AZ 1
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6124 W Oregon Avenue Glendale, AZ 2
    • 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
    •  
  • 5353 N 61st Avenue Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1959
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.68
    •  
  • 4647 W Keim Drive Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1962
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.64
    •  
  • 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
Guillermo E Blanco
Arizona 1st Land & Home Re Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193705
Last Updated: 02/12/2021
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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