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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $317.67
- 2 Days on Market
- MLS # : 6203363
- Updated Date : 03/06/2021 at 23:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,043 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Charming spacious Semi-custom 4 BR perfectly located, light open all one level living with views of lush green lawns flowers & large legacy shade trees, perfectly located at 1417 E Berridge LN Phoenix Arizona. NEW ROOF 02-2021 W WARRANTY, 60 year same owner shows high pride of ownership, tons of hardwood cabinetry throughout, family room fireplace looks out over green patio turf to, lawn flower beds, and manicured lawns, are just a sample of the many high quality updates done over the years, front living room can flex space to formal dining or game area, large chefs kitchen with hardwood cabinetry & pantry, spacious family room beautiful custom warm brick fireplace and a built in desks/shelving, built in desks for study or den, DON'T MISS THIS ONE!
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PRICE & RENT TRENDS
Neighborhood: Rose Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rose Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$2,254 |
| Property Tax | -$466 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$927
|
||
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.
$649,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$177,735
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
0.17
YEARS SAVED
$77
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,992
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1417 E Berridge Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 1957 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 1957
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6040 N 15th Street #39 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,649
- $0.95
-
6115 N 13th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1975
LEASED 03/29/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
1236 E Mclellan Boulevard Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953
LEASED 03/01/21- Rent
- Rent Per SQFT
- $2,000
- $0.96
-
1017 E Bethany Home Road Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1950 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1950
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,095
- $1.01
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203363
Last Updated: 03/06/2021
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.
