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5501 E Beryl Avenue Paradise Valley, AZ 85253

4 Beds 3 Baths 2,996 sqft Built 1992

$949,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $316.76
  • 1 Days on Market
  • MLS # : 6160844
  • Updated Date : 11/14/2020 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

BEST VALUE IN ALL OF PARADISE VALLEY WITH THIS WATT HANCOCK SEMI CUSTOM HOME LOCATED IN THE BEST LOCATION OF THIS SUBDIVISION. VAULTED CEILINGS AND WOOD SHUTTERS T/O. HARDWOOD FLOORS T/O EXCEPT FOR CARPET IN BEDROOMS. MASTER SUITE IS SPLIT AND HAS LUXURY BATH AREA AND LARGE W/I CLOSET. GOURMET KITCHEN HAS ALL STAINLESS STEEL APPLIANCES,HUGE GRANITE ISLAND WITH SEATING, EAT IN AREA AND OPENS TO FAMILY ROOM WITH 14' VAULTED CEILINGS,SLATE FP AND WOOD SHUTTERS. GREAT ROOM HAS FP AND IS IDEAL FOR ENTERTAING. RESORT BACK YARD HAS LARGE PATIO,PEBBLE TEC PLAY POOL, HEATED SPA, LOTS OF GRASS AND BLOCK WALL FOR TOTAL PRIVACY. 3 CAR GARAGE AND LOTS OF BUILT IN CABINETS. ACROSS THE STREET IS A CUL DE SAC..

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PRICE & RENT TRENDS

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1442k

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

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456064

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$3,501
Property Tax -$591
Property Insurance -$86
HOA -$2
Property Management Fees -$99
CASH FLOW
-$169

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.

$949,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$51,230

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
  • $4,209

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$4,2004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5501 E Beryl Avenue Paradise Valley, AZ 1
    • 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4840 E Fanfol Drive Paradise Valley, AZ 2
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.35
    •  
  • 5036 E Yucca Street Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.41
    •  
  • 4902 E Berneil Drive Paradise Valley, AZ 4
    • 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.45
    •  
  • 5739 E Cactus Road Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 1979
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.41
    •  
PROPERTY LISTING DETAILS
Bobby H Lieb
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160844
Last Updated: 11/14/2020
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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