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8553 W Berkeley Road Phoenix, AZ 85037

5 Beds 3 Baths 2,159 sqft Built 1998

$310,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $143.58
  • 2 Days on Market
  • MLS # : 6165601
  • Updated Date : 11/28/2020 at 15:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,159 sqft
  • Baths : 3 full
Listing Agent

Lichi Investment, Llc

Listing Agent's Description

This is 5 bedroom house with 3 car garage, inn a community with HOA, the sqft by county accessor is 2175sqft, the actual square footage is around 2400. Please have your appraisal to provide accurate measurement. All bedroom on 2 floor with new carpet and 2 full bathroom, all ceramic tile on first floor with separate family room and living room. Listing agent is a principal of seller as owner/agent

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PRICE & RENT TRENDS

Neighborhood: Palm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Palm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7841567

* 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
Desert Oasis Elementary School Primary Regular 838 35 3
Desert Oasis Elementary School Middle Regular 838 35 3
Tolleson Union High School High Regular 1,911 91 4

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 35
3
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 35
3
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,144
Property Tax -$194
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$56

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.

$310,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,195

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
  • $1,587

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5754$1,5955$1,795
$1,795
RENT COMPS ANALYSIS
  • 8553 W Berkeley Road Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,159 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,159 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8705 W Cambridge Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 8731 W Wilshire Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.75
    •  
  • 9027 W Monte Vista Road Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 8921 W Virginia Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,284 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,284 Sqft ∙ Built 1987
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
PROPERTY LISTING DETAILS
Zongfu Li
Lichi Investment, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165601
Last Updated: 11/28/2020
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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