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7185 W Avenida Del Sol -- Peoria, AZ 85383

5 Beds 4 Baths 4,155 sqft Built 2002

$749,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $180.26
  • 2 Days on Market
  • MLS # : 6160678
  • Updated Date : 11/14/2020 at 13:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,155 sqft
  • Baths : 3 full , 1 half
Listing Agent

Roxborough Realty

Listing Agent's Description

Spectacular Luxury home in a lovely gated community! If you're looking for over 4100 square feet of gorgeous living space on a half acre lot with an impeccable backyard - you've arrived! Immaculate and spacious throughout; 5 bedrooms and 3.5 baths- move in ready. There is a large pool house in back with AC and another half bath. Huge Bonus room with balcony upstairs for lots of fun family time! Gated entry to garage and portico. Owner just spent $36K on three new energy efficient HVAC Units (18, 16 & 16 Seer) to keep you cool and cozy year round, and has recently repainted complete interior and exterior. Stunning backyard with huge covered patio ramada and sparkling pool surrounded by green grass, lots of shade and beautiful shrubbery. An entertainer's dream!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wyndham Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k705k

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

Neighborhood: Wyndham Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452951

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Mountain Ridge High School High Regular 2,206 94 7

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,763
Property Tax -$494
Property Insurance -$108
HOA -$47
Property Management Fees -$99
CASH FLOW
-$812

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.

$749,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,950

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,9004$3,500
$3,500
RENT COMPS ANALYSIS
  • 7185 W Avenida Del Sol -- Peoria, AZ 2
    • 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.65
    •  
  • 25277 N 74th Avenue Peoria, AZ 1
    • 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2000
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.61
    •  
  • 5708 W Robb Lane Glendale, AZ 3
    • 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 7129 W Softwind Drive Peoria, AZ 4
    • 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sheila Roxborough
Roxborough Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160678
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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