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5759 W Beryl Avenue Glendale, AZ 85302

5 Beds 3 Baths 3,505 sqft Built 1994

$429,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $122.65
  • 5 Days on Market
  • MLS # : 6154036
  • Updated Date : 10/31/2020 at 15:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,505 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Wow! This is a family dream home and location! 3500 sq ft home on a 14,000+ sq ft cul de sac lot. 3 car garage and double RV gates. Open, bright kitchen kitchen with plenty of counterspace. Spacious master suite to relax in after a long day. Enjoy entertaining inside and outside with family and friends. You'll have all the space you need for the kids to play - set up a volleyball game, cornhole, maybe a pool or spa. Citrus trees too! This home has been lovingly maintained by it's original owner since 1994. Across the street from the beautiful Saguaro Ranch Park, Glendale Public library and GCC. There are few homes in the area that offer this lot size and living space. WILL NOT LAST LONG! *Roof and A/C have been replaced*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marbrisa Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k297k

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

Neighborhood: Marbrisa Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9051567

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,586
Property Tax -$230
Property Insurance -$95
HOA -$15
Property Management Fees -$99
CASH FLOW
$245

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.

$429,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$59,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $3,155

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,5003$3,500
$3,500
RENT COMPS ANALYSIS
  • 5759 W Beryl Avenue Glendale, AZ 1
    • 5 beds 3 baths ∙ 3,505 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,505 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.65
    •  
  • 5551 W Christy Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,366 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,366 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 12225 N 65th Drive Glendale, AZ 3
    • 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jayson Paulus
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154036
Last Updated: 10/31/2020
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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