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5908 W Redfield Road Glendale, AZ 85306

3 Beds 2 Baths 1,518 sqft Built 1971

INVESTimate

$279,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$300,037  ( +7.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $183.79
  • 6 Days on Market
  • MLS # : 6120440
  • Updated Date : 08/24/2020 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

THIS ONE HITS ALL THE BOXES baby!!! - Beautiful REMODEL - TOTALLY MOVE IN READY - NO HOA in a cul-de-sac - BRICK HOME - RV Parking & SPARKLING POOL to cool off from this heat! Fantastic taste throughout this remodel, stunning huge open concept kitchen with upgraded WHITE CABINETS - white Quartz countertops - tons of EXTRA CABINETS - upgraded wood looking tile planks through out (except bedrooms - carpet) - upgraded bathrooms with beautiful tiles all the way to the ceiling - and real wood fire place !!! Covered patio with new roof & fence for kids safety & that SPARKLING POOL !!! ALL THIS in a cul -de sac lot, with newly installed RV GATE, RV parking, new build storage shed, outside TV & Grill INCLUDED! and just around the corner from all the shopping you need!!! DON'T MISS OUT

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9491567

* 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
Pioneer Elementary School Primary Regular 400 28 5
Pioneer Elementary School Middle Regular 400 28 5
Cactus High School High Regular 1,283 61 5

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Pioneer Elementary School

  • Education Level: Middle
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Cactus High School

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

$251,100$306,900$279,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,029
Property Tax -$149
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$35

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.

$279,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$24,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3254$1,3705$1,450
$1,450
RENT COMPS ANALYSIS
  • 5908 W Redfield Road Glendale, 4
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.89
    •  
  • 6213 W Acoma Drive Glendale, 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1978
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 14449 N 58th Avenue Glendale, 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 5534 W Calavar Road Glendale, 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1978
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 14466 N 58th Lane Glendale, 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1985
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Robert Tolnai
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120440
Last Updated: 08/24/2020
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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