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7009 W Columbine Drive Peoria, AZ 85381

4 Beds 3 Baths 3,364 sqft Built 1987

$443,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $131.69
  • 5 Days on Market
  • MLS # : 6155917
  • Updated Date : 11/06/2020 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,364 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Peoria two-story home offers a patio, granite countertops, a fireplace, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k372k

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

Neighborhood: Cactus Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452295

* 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
Oakwood Elementary School Primary Regular 961 40 9
Oakwood Elementary School Middle Regular 961 40 9
Cactus High School High Regular 1,283 61 5

Oakwood Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Oakwood Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Cactus High School

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

$398,700$487,300$443,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,634
Property Tax -$241
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
$463

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.

$443,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.57%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$123,145

INVESTMENT

$123,145

Down Payment
$110,750
Rehab Estimate
$5,750
Closing Costs
$6,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,750
Loan Amount $332,250
See What Happens When You Reinvest Cash Flow

11

YEARS SAVED

$85,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,725

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1754$3,500
$3,500
RENT COMPS ANALYSIS
  • 7009 W Columbine Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 3,364 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,364 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7515 W Betty Elyse Lane Peoria, AZ 2
    • 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2001
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 5821 W Bloomfield Road Glendale, AZ 3
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.71
    •  
  • 12225 N 65th Drive Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155917
Last Updated: 11/06/2020
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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