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7368 W Eva Street Peoria, AZ 85345

4 Beds 3 Baths 2,265 sqft Built 1995

$349,999

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $154.52
  • 5 Days on Market
  • MLS # : 6153963
  • Updated Date : 11/02/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,265 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Great 4 bedroom, 2.5 bath, two story home located on a corner lot in a cul-de-sac. This home has been well maintained and updated with tile throughout, upgraded kitchen granite countertops, and bathrooms. Enjoy the wonderful backyard with a large covered patio and pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westfield Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $79k289k

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

Neighborhood: Westfield Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7821793

* 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
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,291
Property Tax -$194
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$76

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.

$349,999

PROJECTED PRICE

$1,580

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,5804$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 7368 W Eva Street Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.70
    •  
  • 7535 W Cinnabar Avenue Peoria, AZ 1
    • 3 beds 4 baths ∙ 1,945 Sqft ∙ Built 1992 3 beds 4 baths ∙ 1,945 Sqft ∙ Built 1992
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 7619 W Brown Street Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.70
    •  
  • 8066 W Mission Lane Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1999
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 9663 N 81st Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shahla S Charoosaie
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153963
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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