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6938 W Cheryl Drive 
Peoria, AZ
85345
3 Beds 2 Baths 1,590 sqft
Built 1982
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $166.67
- 3 Days on Market
- MLS # : 6121852
- Updated Date : 08/24/2020 at 12:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
SWEET HOME LOCATED IN PEORIA WITH NO HOA, RV GATE WITH PARKING FOR YOU TOYS. A/C NEW 2019! A 3 BEDROOM 2 BATH. LARGE KITCHEN. ENJOY THE HOT TUB IN BEAUTIFUL BACK YARD LOTS OF SHADE. BUYER TO VERIFY ELEMENTARY SCHOOL. GREAT LOCATION!
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PRICE & RENT TRENDS
Neighborhood: Pioneer Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pioneer Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$144 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$61
|
||
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.
$265,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.30% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
7
YEARS SAVED
$25,706
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,423
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
6938 W Cheryl Drive Peoria, 3
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,340
- $0.84
-
6965 W Brown Street Peoria, 1
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,195
- $0.85
-
7050 W Palo Verde Avenue Peoria, 2
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985
![property image]()
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,250
- $0.85
-
7027 W Palo Verde Avenue Peoria, 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.90
-
10114 N 66th Lane Glendale, 5
- 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1988
![property image]()
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,490
- $0.98
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121852
Last Updated: 08/24/2020
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.
