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6958 W Mountain View Road Peoria, AZ 85345

5 Beds 3 Baths 1,848 sqft Built 1983

$365,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $197.51
  • 2 Days on Market
  • MLS # : 6186782
  • Updated Date : 01/30/2021 at 16:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,848 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Got an extended family? This little creampuff is move in ready with a guesthouse, sans a stove, with a separate entrance for your inlaws, guests, or?. This home features a total of 5 bedrooms and 2.5 bathrooms, and has been upgraded with plank porcelain tile in all the right places, new kitchen cabinets and countertops, synthetic stucco on the outside that never needs paint, new light fixtures throughout, dual RV gates, and lovely french door leading to the back yard with a host of fruit trees that include lemon, orange, grapefruit , mandarin orange, peach, pear, pomegranate, jujube (date) and guava trees - a fruit salad right out your back door! And, there is NO HOA.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,268
Property Tax -$198
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$118

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.

$365,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3503$1,4954$1,5105$1,520
$1,520
RENT COMPS ANALYSIS
  • 6958 W Mountain View Road Peoria, AZ 4
    • 5 beds 3 baths ∙ 1,848 Sqft ∙ Built 1983 5 beds 3 baths ∙ 1,848 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.82
    •  
  • 7224 W North Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.81
    •  
  • 11161 N 73rd Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 8821 N 65th Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 6428 W Sunnyslope Lane Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.85
    •  
PROPERTY LISTING DETAILS
Elaine Lekas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186782
Last Updated: 01/30/2021
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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