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10005 W Runion Drive Peoria, AZ 85382

3 Beds 2 Baths 2,157 sqft Built 1996

$440,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $203.99
  • 2 Days on Market
  • MLS # : 6207433
  • Updated Date : 03/20/2021 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,157 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Well maintained 3 car garage home on an oversized corner lot. Vaulted ceilings make this home feel so much larger. Open kitchen/family room floorplan. Kitchen has breakfast bar, double ovens & views of the backyard. Family room just off the kitchen has surround sound. Master has double door entry, patio exit door, walk in closet, double sinks, & separate tub/shower. 2 more bdr's + a den & one more bath. Backyard has extended covered patio w/Saltillo tile & wood pergola. Lush mature landscaping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k306k

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

Neighborhood: Parkridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181793

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,528
Property Tax -$303
Property Insurance -$69
HOA -$5
Property Management Fees -$99
CASH FLOW
-$265

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.

$440,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7403$1,8004$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 10005 W Runion Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.81
    •  
  • 9834 W Runion Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1996
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 19606 N Palo Verde Drive Sun City, AZ 3
    • 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 9852 W Quail Avenue Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 20038 N 98th Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Amy Barnett
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207433
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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