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

7314 W Monte Cristo Avenue Peoria, AZ 85382

5 Beds 3 Baths 2,561 sqft Built 2012

$435,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $169.86
  • 4 Days on Market
  • MLS # : 6192984
  • Updated Date : 02/13/2021 at 17:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,561 sqft
  • Baths : 3 full
Listing Agent

Century 21 Arizona West

Listing Agent's Description

LOCATION, LOCATION, THIS HOME IS NESTED IN THE WONDERFUL AND QUIET CABRILLO POINT NEIGHBORHOOD. CLOSE PROXIMITY TO ARROWHEAD MALL, DINNING, LOOP 101, ARIZONA STATE UNIVERSITY, MIDWESTERN UNIVERSITY AND PARKS. RIGHT OUT THE DOOR IS THE SKUNK CREEK TRAIL FOR BIKING AND WALKING. HOME IS ON CUL-DE-SAC AND 2567 SQ FT, PERFECT FOR SPACIOUS STYLE LIVING, 5 BEDROOMS, UPSTAIRS LOFT, 3 FULL BATHS, 2 CAR GARAGE, KITCHEN WITH GRANITE COUNTERTOPS, GAS RANGE OPENS UP TO A LARGE FAMILY ROOM. DON'T WAIT SCHEDULE TO SEE THIS BEAUTY ASAP!

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
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
 

$391,500$478,500$435,000

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 -$1,511
Property Tax -$262
Property Insurance -$77
HOA -$126
Property Management Fees -$99
CASH FLOW
-$145

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.

$435,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.44%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,001

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
  • $0.75

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8153$1,9304$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7314 W Monte Cristo Avenue Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.75
    •  
  • 7555 W Betty Elyse Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 16230 N 72nd Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2001
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.71
    •  
  • 16327 N 73rd Drive Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2012
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 14317 N 75th Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sammie Hone
Century 21 Arizona West
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192984
Last Updated: 02/13/2021
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