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4045 W Berridge Lane Phoenix, AZ 85019

4 Beds 2 Baths 2,211 sqft Built 1957

$299,999

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $135.68
  • 5 Days on Market
  • MLS # : 6183419
  • Updated Date : 01/22/2021 at 00:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Huge home with lots of potentials! This lovely home features 4 bedrooms, in addition to this, it has a den and extra room, plus a detached pool room, all additions were done with permit! Nice block fence with new wood and wrought iron gates. The pool room has a plumbing on the exterior to build a bathroom. All tile flooring, nice tiled shower wall in one bathroom. Newer custom blinds. Huge kitchen island, lots of cabinets, nice size pantry, open concept floorplan, family room is huge! All appliances convey is as is condition. Just installed new roof. Fresher interior and exterior paint. Back rooms that were added, have newer sliding door. Sprinkles system on grassy front yard. Lots to see here, check us out today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Catalina Ventura School Primary Regular 1,078 48 3
Catalina Ventura School Middle Regular 1,078 48 3
Alhambra High School High Regular 2,770 139 3

Catalina Ventura School

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Catalina Ventura School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,042
Property Tax -$165
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$86

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.

$299,999

PROJECTED PRICE

$1,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,310

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
  • $1,454

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3954$1,4955$1,535
$1,535
RENT COMPS ANALYSIS
  • 4045 W Berridge Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1957 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4340 W Morten Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1955
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 4624 W Keim Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1962
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.65
    •  
  • 5043 W Morten Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 1971
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.62
    •  
  • 4647 W Keim Drive Glendale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Adela Lujan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183419
Last Updated: 01/22/2021
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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