Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7145 W Acoma Drive Peoria, AZ 85381

5 Beds 3 Baths 3,394 sqft Built 1976

$780,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $229.82
  • 3 Days on Market
  • MLS # : 6184513
  • Updated Date : 01/23/2021 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,394 sqft
  • Baths : 3 full
Listing Agent

American Security Realty, Llc

Listing Agent's Description

This is the HOME!!! This beautiful home is situation on 2.3 acres of irrigated horse property wonderful features. This exquisite property features a large barn, horse stalls, corral, and flood irrigation. Home features wood trim, solid wood doors, open floor plan, and rustic accents. The spacious open kitchen offers lots of storage, stone tile backsplash, matching SS appliances, and an island with a wine fridge. The home offers two gorgeous slate stone fireplaces, one in the family room and one in the master suite, custom tile in each bathroom, and full in-law suite with separate kitchen. Close to shopping, dining, and entertainment. Country living with city amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palo Verde

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Palo Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Paseo Verde Elementary School Primary Regular 840 43 7
Paseo Verde Elementary School Middle Regular 840 43 7
Cactus High School High Regular 1,283 61 5

Paseo Verde Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Paseo Verde Elementary School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Cactus High School

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

$702,000$858,000$780,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$2,709
Property Tax -$475
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$116

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.

$780,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$35,305

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
  • $3,598

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 7145 W Acoma Drive Peoria, AZ 1
    • 5 beds 3 baths ∙ 3,394 Sqft ∙ Built 1976 5 beds 3 baths ∙ 3,394 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12225 N 65th Drive Glendale, AZ 2
    • 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
Elliott Mcallister
American Security Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184513
Last Updated: 01/23/2021
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.

BESbswy