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7208 W Cielo Grande -- Peoria, AZ 85383

4 Beds 4 Baths 3,916 sqft Built 2002

$749,900

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $191.50
  • 4 Days on Market
  • MLS # : 6197357
  • Updated Date : 02/25/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,916 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful home sitting on almost a half-acre lot. Home has 4 bedrooms/3.5 baths. There are 2 office/dens, loft area and a large eat-in kitchen open to the family room. The Kitchen has a very desirable floorplan with a huge island with seating, gas range, and double ovens. Gas Fireplace in the open Family room. Upstairs there's a spacious bedroom it's own en suite bathroom, 2 bedrooms share a Jack-and-Jill bathroom, and the large master suite with spacious bathroom and closets. Inside was just fully painted. The large park-like grassy backyard with pool is private and faces the north offering great shade on the covered patio and mountain views. 3 car garage with gated courtyard. Private gated community of Talas is close to the 101, new Lifetime Fitness gym, and great shopping.

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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

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

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,605
Property Tax -$495
Property Insurance -$103
HOA -$46
Property Management Fees -$99
CASH FLOW
-$538

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.

$749,900

PROJECTED PRICE

$2,810

PROJECTED RENT

0.37%

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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,702

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,810
$2,810
RENT COMPS ANALYSIS
  • 7208 W Cielo Grande -- Peoria, AZ 2
    • 4 beds 4 baths ∙ 3,916 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,916 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $0.72
    •  
  • 5719 W Cielo Grande Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
PROPERTY LISTING DETAILS
Lynda E Young
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197357
Last Updated: 02/25/2021
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.

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