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6774 W Evergreen Terrace Peoria, AZ 85383

3 Beds 3 Baths 1,885 sqft Built 2005

$385,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $204.24
  • 4 Days on Market
  • MLS # : 6202144
  • Updated Date : 03/13/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WELCOME TO YOUR ESCAPE! Absolutely beautiful mountain views from this corner lot in Sonoran Mountain Ranch. This open concept features 18'' tile, new carpet, fresh paint, wood blinds, and upgraded lighting throughout. Recently updated kitchen boasts upgraded cabinets and granite countertops, a breakfast bar with pendant lighting, and stainless steel appliances/range hood. Move over to your luxurious master retreat to find executive height counters, a whirlpool tub, and a walk-in closet. PLENTY OF STORAGE The garage has built-in cabinets, overhead storage, and an epoxy floor. Floorplan includes a den and a central built-in desk, PERFECT for work/school from home families. Master planned community includes parks and mountain hiking/biking trails. DON'T MISS THIS ONE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Sonoran Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,337
Property Tax -$258
Property Insurance -$64
HOA -$12
Property Management Fees -$99
CASH FLOW
$51

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.

$385,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8204$1,8655$1,945
$1,945
RENT COMPS ANALYSIS
  • 6774 W Evergreen Terrace Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.97
    •  
  • 29355 N 69th Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 6528 W Eagle Talon Trail Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 7115 W Lone Tree Trail Peoria, AZ 4
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $1.03
    •  
  • 29365 N 67th Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.03
    •  
PROPERTY LISTING DETAILS
William M Hunkele
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202144
Last Updated: 03/13/2021
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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