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5223 W Beryl Avenue Glendale, AZ 85302

4 Beds 3 Baths 1,890 sqft Built 1977

$335,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $177.25
  • 3 Days on Market
  • MLS # : 6174551
  • Updated Date : 12/25/2020 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,890 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

THIS HOME IS A RARE GEM! Centrally located near the I-17, AZ State Route 101, and US Route 60, and minutes away from Heritage Elementary, GCC and ASU West. This 4 bedroom, 2 bath home comes with updated bathrooms and HUGE master suite. The 3 additional bedrooms are spacious and consists of one Jack and Jill bathroom. The home hosts an open kitchen with lots of cabinet space and a walk-in pantry. Enjoy the spacious indoor utility room that offers plenty of space for additional storage. This home also features 4 security cameras, DVR and monitor. The 2 car garage has been updated with a smart garage door opener which can be accessed remotely from any location. RV gate with awning and additional parking on the west side of the home. The low maintenance front and back yards include a

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Barrel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Heritage Elementary School Primary Regular 673 34 5
Heritage Elementary School Middle Regular 673 34 5
Ironwood High School High Regular 1,987 89 6

Heritage Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 34
5
GreatSchools Rating

Heritage Elementary School

  • Education Level: Middle
  • # of students: 673
  • # of teachers: 34
5
GreatSchools Rating

Ironwood High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,236
Property Tax -$179
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$132

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.

$335,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$38,747

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
  • $1,696

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,5754$1,5755$1,750
$1,750
RENT COMPS ANALYSIS
  • 5223 W Beryl Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5015 W Mercer Lane Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 5044 W Mercer Lane Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1974
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 10010 N 50th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1976
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 5531 W Brown Street Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1982
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Cindy Hill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174551
Last Updated: 12/25/2020
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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