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7244 W Voltaire Avenue Peoria, AZ 85381

6 Beds 4 Baths 3,867 sqft Built 1992

$597,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $154.38
  • 2 Days on Market
  • MLS # : 6193875
  • Updated Date : 02/12/2021 at 23:56
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,867 sqft
  • Baths : 3 full , 1 half
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

Located in the popular City of Peoria, this home has so much to offer. Great location... Short walking distance or a bike ride to restaurants, shopping, Peoria sports complex, hiking trails, freeway access, EXTREMELY POPULAR Peoria schools and so much more! This property has over 3800 functional sq ft floor plan. 6bedrooms 3.5bath (2beds 1.5 bath downstairs) perfect for guests or in-laws. Lot size is over 12,000 Sqft. 3 car garage.Very well manicured backyard. RV gate/parking with ample room to park all your toys. Best part... NO HOA! koi pond as is

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra Norte Apartments

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k479k

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

Neighborhood: Tierra Norte Apartments

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452300

* 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
Cactus High School High Regular 1,283 61 5
Cactus High School High Unknown NA

Cactus High School

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

Cactus High School

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

$537,300$656,700$597,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,074
Property Tax -$325
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$130

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.

$597,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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-$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$163,955

INVESTMENT

$163,955

Down Payment
$149,250
Rehab Estimate
$5,750
Closing Costs
$8,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,250
Loan Amount $447,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$24,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,514

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,695
$2,695
RENT COMPS ANALYSIS
  • 7244 W Voltaire Avenue Peoria, AZ 1
    • 6 beds 4 baths ∙ 3,867 Sqft ∙ Built 1992 6 beds 4 baths ∙ 3,867 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.64
    •  
  • 12695 N 57th Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998 5 beds 3 baths ∙ 4,138 Sqft ∙ Built 1998
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.65
    •  
PROPERTY LISTING DETAILS
Fong Denison
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193875
Last Updated: 02/12/2021
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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