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6625 W Bloomfield Road Glendale, AZ 85304

5 Beds 4 Baths 3,333 sqft Built 1982

$725,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $217.52
  • 4 Days on Market
  • MLS # : 6205741
  • Updated Date : 03/11/2021 at 19:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,333 sqft
  • Baths : 4 full
Listing Agent

Flat List Re

Listing Agent's Description

A lovely 5 bedroom 4 bath home on a massive irrigated lot. Mature trees shade this home on all sides. 4 car evap cooled garage to protect all of your toys. Don't pass this one up without a serious look.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Sweetwater Estates

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
Ironwood High School High Regular 1,987 89 6
Ironwood High School High Unknown NA

Ironwood High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 89
6
GreatSchools Rating

Ironwood High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,518
Property Tax -$388
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$577

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.

$725,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,789

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,5003$2,5204$3,500
$3,500
RENT COMPS ANALYSIS
  • 6625 W Bloomfield Road Glendale, AZ 3
    • 5 beds 4 baths ∙ 3,333 Sqft ∙ Built 1982 5 beds 4 baths ∙ 3,333 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.76
    •  
  • 5821 W Bloomfield Road Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.71
    •  
  • 5551 W Christy Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,366 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,366 Sqft ∙ Built 1989
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 12225 N 65th Drive Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Stacie C Whitfield
Flat List Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205741
Last Updated: 03/11/2021
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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