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5839 W Beryl Avenue Glendale, AZ 85302

4 Beds 3 Baths 2,571 sqft Built 1994

INVESTimate

$424,900

List Price

$1,670

$1,503 - $1,837

Rent Est.

$457,745  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $165.27
  • 2 Days on Market
  • MLS # : 6122109
  • Updated Date : 08/24/2020 at 19:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,571 sqft
  • Baths : 3 full
Listing Agent

Respect Realty Llc

Listing Agent's Description

Honey, this is our home we wanted on a corner lot with a pool! Large lot with a pool, covered patio, entertaining space. 3 bedrooms, 3 bathrooms, with a den. Den can easily convert to a 4th bedroom, or remain an office/game room. The kitchen is tastefully remodeled with great lighting, an eat-in kitchen, breakfast bar, plus a formal dining area. Upstairs master suite is large with walk-in closet, separate tub and shower, and his/her sinks and a vanity. The loft is the perfect extra living space or play/lounge area. Home has a 3 car garage - the space you wanted for toys/storage. Come enjoy your new house before its gone. Schedule your showing right now. We ask all viewers to wear masks and use hand sanitizer. Buyer(s) and agent(s) for buyer to verify any and all information.

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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,568
Property Tax -$227
Property Insurance -$77
HOA -$47
Property Management Fees -$99
CASH FLOW
-$348

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.

$424,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$5,860

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
  • $1,909

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,8004$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 5839 W Beryl Avenue Glendale, 1
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11015 N 64th Lane Glendale, 2
    • 4 beds 2 baths ∙ 2,673 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,673 Sqft ∙ Built 1985
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.60
    •  
  • 9214 N 48th Drive Glendale, 3
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1974
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 6125 W Sierra Street Glendale, 4
    • 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1981
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 5431 W Riviera Drive Glendale, 5
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1981
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.82
    •  
PROPERTY LISTING DETAILS
Joseph A Hoxie
Respect Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122109
Last Updated: 08/24/2020
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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