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5019 W Kerry Lane Glendale, AZ 85308

3 Beds 2 Baths 1,301 sqft Built 1994

$290,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $222.91
  • 2 Days on Market
  • MLS # : 6157755
  • Updated Date : 11/07/2020 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,301 sqft
  • Baths : 2 full
Listing Agent

Campbell Realty Advisors

Listing Agent's Description

Don't miss out on this well cared for, efficient floor plan, in a great location with easy access to the 101. This 3 bedroom, 2 bathroom house has a large kitchen with updated appliances. The backyard has artificial turn for a low maintenance, green year round entertaining area. One of the very few places left in north Glendale/Phoenix you can find a nice family home under 300k.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: North Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9521567

* 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
Mountain Shadows Elementary School Primary Regular 463 30 6
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mountain Shadows Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 30
6
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$261,000$319,000$290,000

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 -$1,070
Property Tax -$173
Property Insurance -$53
HOA -$27
Property Management Fees -$99
CASH FLOW
-$131

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.

$290,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,392

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
  • $1,304

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4253$1,5954$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 5019 W Kerry Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20014 N 47th Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 19205 N 52nd Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1996
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 4815 W Ponderosa Lane Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1995
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 5011 W Oraibi Drive Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 1995
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
PROPERTY LISTING DETAILS
Daniel V Frusciano
Campbell Realty Advisors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157755
Last Updated: 11/07/2020
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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