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6931 W Emile Zola Avenue Peoria, AZ 85381

3 Beds 2 Baths 2,728 sqft Built 1985

$779,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $285.89
  • 4 Days on Market
  • MLS # : 6211206
  • Updated Date : 03/27/2021 at 18:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,728 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Distinctive and stunning Crown Point home situated on almost half an acre, north/south facing interior lot with privacy from neighbors and within safe walking distance to the top school Oakwood. This block construction home has smooth texture stucco, Spanish clay tile roof, front paved imported brick walkway, the solid custom cherry wood front door is trimmed with Cantera stone, a large Cantera fountain in the front courtyard adds to the splendor. The prestigious library/office has solid cherry wood walls, custom built-ins, and coffered ceilings. The bright, airy kitchen looks out to the resort-like backyard and features all professional stainless appliances, incl. a Viking gas range. The master suite has a cozy fireplace and chenille fabric walls making it the ultimate quiet and relaxed

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crown Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k507k

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

Neighborhood: Crown Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452755

* 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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating

Cactus High School

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

$701,910$857,890$779,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,709
Property Tax -$424
Property Insurance -$80
HOA -$10
Property Management Fees -$99
CASH FLOW
-$773

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.

$779,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,424

INVESTMENT

$212,424

Down Payment
$194,975
Rehab Estimate
$5,750
Closing Costs
$11,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,975
Loan Amount $584,925
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,292

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,4004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 6931 W Emile Zola Avenue Peoria, AZ 5
    • 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.93
    •  
  • 12349 N 71st Drive Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 1988
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 6601 W Crocus Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1987
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 7226 W Corrine Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1987
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 14317 N 75th Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Denise Caldwell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211206
Last Updated: 03/27/2021
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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