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7257 W Paradise Lane Peoria, AZ 85382

4 Beds 2 Baths 2,352 sqft Built 2002

$385,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $163.69
  • 2 Days on Market
  • MLS # : 6154887
  • Updated Date : 11/02/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,352 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

WELCOME home! Nestled in a highly desired area near Arrowhead, this 4 bedroom, 2 bath WITH pool is waiting for it's new owner. Minutes away from shopping, food, and freeway. Recently re painted interior and plenty of space to make this house a home. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9491793

* 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
Foothills Elementary School Primary Regular 677 37 5
Foothills Elementary School Middle Regular 677 37 5
Cactus High School High Regular 1,283 61 5

Foothills Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 37
5
GreatSchools Rating

Foothills Elementary School

  • Education Level: Middle
  • # of students: 677
  • # of teachers: 37
5
GreatSchools Rating

Cactus High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,420
Property Tax -$232
Property Insurance -$73
HOA -$15
Property Management Fees -$99
CASH FLOW
$91

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.

$385,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$38,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9303$2,0004$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 7257 W Paradise Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.82
    •  
  • 16025 N 65th Avenue Glendale, AZ 1
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2020
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 7014 W Mcrae Way Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 6201 W Grandview Road Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1988
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 7310 W Phelps Road Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2020
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Monica Klus
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154887
Last Updated: 11/02/2020
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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