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7232 W Palo Verde Avenue Peoria, AZ 85345

3 Beds 2 Baths 1,585 sqft Built 1983

$272,500

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $171.92
  • 4 Days on Market
  • MLS # : 6175754
  • Updated Date : 01/02/2021 at 02:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

Cts Realty

Listing Agent's Description

STOP LOOKING, THIS IS IT! **Fully RENOVATED** 3 bd/2 bath, 2 car garage, separate-locked-storage room, over 8,000 sq. ft. CORNER-LOT & NO HOA~BRAND-NEW windows & slider-door~BRAND-NEW garage door & opener~BRAND-NEW hot-water-heater~CERAMIC-TILE throughout except in bedrooms~BRAND-NEW carpeting in bedrooms~BRAND-NEW interior & exterior paint~BRAND-NEW kitchen w/quartz counters, trendy cabinets & stainless appliances~BRAND-NEW bathrooms~BRAND-NEW lighting, ceiling-fans, interior -doors, baseboards~Shingle-roof replaced 2009 & patio-roof 2014~TOO MUCH TO LIST~FABULOUS, QUIET, ESTABLISHED-PEORIA neighborhood w/WONDERFUL schools~NEW-HOME, NEW YEAR!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park View West

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $73k289k

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

Neighborhood: Park View West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7501793

* 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
 

$245,250$299,750$272,500

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,005
Property Tax -$148
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$11

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.

$272,500

PROJECTED PRICE

$1,300

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$77,963

INVESTMENT

$77,963

Down Payment
$68,125
Rehab Estimate
$5,750
Closing Costs
$4,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,005

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,125
Loan Amount $204,375
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,075

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
  • $1,434

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,2954$1,3505$1,385
$1,385
RENT COMPS ANALYSIS
  • 7232 W Palo Verde Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6965 W Brown Street Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.85
    •  
  • 6733 W Palo Verde Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1979
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 7027 W Palo Verde Avenue Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 6935 W Palo Verde Avenue Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sherry A Mcqueen
Cts Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175754
Last Updated: 01/02/2021
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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