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

7231 W Canterbury Drive Peoria, AZ 85345

3 Beds 2 Baths 1,607 sqft Built 1984

$339,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $210.95
  • 3 Days on Market
  • MLS # : 6208504
  • Updated Date : 03/19/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,607 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This Spacious Open Floorplan Home Lives Large! Huge U-Shaped Kitchen with Tons of Cabinetry, Breakfast Bar, Upgraded Stainless Steel Appliances and Great Room Style Dining With Vaulted Ceilings! Very Comfortable Family Room opens to both Dining and a Beautiful Low Maintenance Back Yard with Large Pool & Synthetic Grass.Master w/wood Flooring...both Baths updated w/ Tile Surrounds...Large Laundry Room & a separate Outside Storage Room! Prior Owner replaced the roof in 2010. NEW Heating & Cooling in 2017! The 3rd CAR GARAGE IS CURRENTLY BEING USED AS A 14X24 WORKSHOP WITH ITS OWN AC!!! Upgraded 200 AMP PANEL w/2 separate 100 AMP sub-panels and 220 in both garages! HUGE COVERED WORK OR STORAGE AREA Behind the RV GATE IS LARGE ENOUGH FOR AN RV, BOAT OR PLENTY TOYS. showings start Friday

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foxfire

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $89k289k

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

Neighborhood: Foxfire

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8181793

* 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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA

Centennial High School

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

Centennial High School

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

$305,100$372,900$339,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,177
Property Tax -$184
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$99

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$339,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3753$1,4204$1,4955$1,539
$1,539
RENT COMPS ANALYSIS
  • 7231 W Canterbury Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.88
    •  
  • 7331 W Paradise Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 6815 W Cherry Hills Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 6759 W Shangri La Road Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 7647 W Yucca Street Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ralph Steven Madill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208504
Last Updated: 03/19/2021
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