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6935 W Cheryl Drive Peoria, AZ 85345

3 Beds 2 Baths 1,542 sqft Built 1986

$279,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $180.93
  • 2 Days on Market
  • MLS # : 6212887
  • Updated Date : 03/28/2021 at 05:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Looking for a great home? Look no further! This 3 bedroom, 1.75 bath home has tons to offer. Let's start with what's new: Stainless steel appliances are less than a year old. AC unit was replaced in the summer of 2019 which is a HUGE bonus going into the summer! Exterior paint March 2021. Also new or newer is the water heater, partial flooring, a water filtration system, and the arcadia door. Fantastic, right? This great room plan is also a split floor plan allowing for privacy for the primary suite and secondary bedrooms, perfect if you have loud kiddos or guests that stay up too late! The backyard offers a covered patio and grassy area for your enjoyment. Located close to shopping, restaurants, and parks, what more could you ask for?

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Braemar

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $78k289k

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

Neighborhood: Braemar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7461793

* 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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA
Peoria High School High Regular 1,511 67 3

Centennial High School

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

Centennial High School

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

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$969
Property Tax -$152
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$53

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.

$279,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$21,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3754$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 6935 W Cheryl Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.86
    •  
  • 6733 W Palo Verde Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 7026 W Cesar Street Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2005
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 7038 W Mercer Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 7035 W Mcmahon Way Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Theresa Jensen
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212887
Last Updated: 03/28/2021
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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