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7133 W Brown Street Peoria, AZ 85345

4 Beds 2 Baths 1,885 sqft Built 1974

$260,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $137.93
  • 3 Days on Market
  • MLS # : 6180084
  • Updated Date : 01/14/2021 at 23:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,885 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Great 4 bedroom block home home with a quality permitted addition that is a large great room with log burning fireplace. The main living area has Vinyl plank flooring. Open kitchen with eating area and additional formal dining area. Hallway bath has an upgraded tile surround and is walk in shower. Master bedroom also with a walk in shower. Roof and AC replaced around 2017/2018. Large backyard features covered patio, small RV gate and fruit trees. This is a great home just waiting for you!

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$903
Property Tax -$141
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$333

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.

$260,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.59%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$48,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5203$1,5404$1,5505$1,825
$1,825
RENT COMPS ANALYSIS
  • 7133 W Brown Street Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.82
    •  
  • 6933 W Brown Street Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 6428 W Sunnyslope Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.85
    •  
  • 7565 W Comet Avenue Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 6513 W Turquoise Avenue Glendale, AZ 5
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tom Clayton
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180084
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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