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7126 W Mountain View Road Peoria, AZ 85345

4 Beds 2 Baths 1,753 sqft Built 1978

$315,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $179.69
  • 2 Days on Market
  • MLS # : 6160168
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,753 sqft
  • Baths : 1 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

NEW UPDATED AND MOVE IN REMODELED HOME. NEW TILE THROUGHOUT AND UPDATED KITCHEN. LARGE LIVING ROOM AND FAMILY ROOM WITH FIREPLACE. THIS MOVE IN READY HOME FEATURES 4 BEDROOMS WITH TWO NICELY UPDATED BATHROOMS. HOME IS INVITING AND HAS PLENTY OF SPACE FOR FAMILY AND ENTERTAINING. STEP INTO YOUR BACKYARD TO ENJOY THE REFRESHING POOL AND BUILT IN BBQ BAR (SIMPLY DROP IN YOUR NEW BBQ). SPACIOUS BACKYARD WITH RV GATE. CALL NOW TO SET UP YOUR APPOINTMENT.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Suntown

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $72k289k

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

Neighborhood: Suntown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7231793

* 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
Ira A. Murphy Elementary School Primary Regular 519 29 2
Ira A. Murphy Elementary School Middle Regular 519 29 2
Centennial High School High Regular 2,096 85 6

Ira A. Murphy Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 29
2
GreatSchools Rating

Ira A. Murphy Elementary School

  • Education Level: Middle
  • # of students: 519
  • # of teachers: 29
2
GreatSchools Rating

Centennial High School

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

$283,500$346,500$315,000

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 -$1,162
Property Tax -$171
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$164

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.

$315,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,772

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
  • $1,420

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,3004$1,3505$1,475
$1,475
RENT COMPS ANALYSIS
  • 7126 W Mountain View Road Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7224 W North Lane Peoria, AZ 2
    • 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
    •  
  • 6607 W Mountain View Road Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1975
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 11161 N 73rd Avenue Peoria, AZ 4
    • 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
    •  
  • 7351 W Eva Street Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
PROPERTY LISTING DETAILS
David J Moreno
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160168
Last Updated: 11/14/2020
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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