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2501 E Beryl Avenue Phoenix, AZ 85028

4 Beds 2 Baths 2,264 sqft Built 1970

$499,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $220.41
  • 3 Days on Market
  • MLS # : 6190048
  • Updated Date : 02/06/2021 at 18:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,264 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

**Tenants will allow showings Sat Feb 6th from 12PM to 2PM. Showings will be one agent w/ their client at a time for 10 min. increments. We will try to get everyone through as efficiently as possible. This will be run like an open house - no appt times. Please wear masks. Thank you for your patience and understanding during this process. **Great opportunity for a buyer to remodel and have built in sweat equity or for a wonderful investment property in a lovely neighborhood. Gorgeous mountain views. North facing single level home with NEW AC and NEW ROOF. Large corner lot with spacious lot and private pool and spa. Located just west of the 32nd and Shea intersection with new restaurants, Press Coffee Shop, and newly renovated shopping centers.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k415k

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

Neighborhood: Greenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342033

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,733
Property Tax -$314
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$88

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.

$499,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$2,1304$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2501 E Beryl Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,264 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.94
    •  
  • 2606 E Yucca Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 3043 E Lupine Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1969
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2265 E Becker Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 9622 N 26th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1978
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jessica L Fairbanks
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190048
Last Updated: 02/06/2021
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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