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6867 W Comet Avenue Peoria, AZ 85345

4 Beds 2 Baths 1,835 sqft Built 1994

$305,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $166.21
  • 3 Days on Market
  • MLS # : 6163010
  • Updated Date : 11/20/2020 at 20:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,835 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

Spacious and on the corner lot come see this comfortable 4 bedroom 2 bath home in beautiful Peoria. Home has a 3 car garage, no HOA, and everything you need to make it your own. With this much space, this neighborhood, at this price you need to act fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Windwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k312k

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

Neighborhood: Windwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
Ira A. Murphy Elementary School Primary Regular 519 29 2
Ira A. Murphy Elementary School Middle Regular 519 29 2
Centennial High School High Regular 2,096 85 6

Ira A. Murphy Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 29
2
GreatSchools Rating

Ira A. Murphy Elementary School

  • Education Level: Middle
  • # of students: 519
  • # of teachers: 29
2
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,125
Property Tax -$166
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$33

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.

$305,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,391

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4204$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 6867 W Comet Avenue Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.77
    •  
  • 6607 W Mountain View Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 7034 W Mercer Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 6345 W Mountain View Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1977
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.79
    •  
  • 7021 W Downspell Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
PROPERTY LISTING DETAILS
Somone Wilder
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163010
Last Updated: 11/20/2020
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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