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

7413 W Honeysuckle Drive Peoria, AZ 85383

5 Beds 3 Baths 3,484 sqft Built 2002

$479,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $137.49
  • 2 Days on Market
  • MLS # : 6155109
  • Updated Date : 11/02/2020 at 14:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,484 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

**Entertainers Dream Home ** Step into this gorgeous 5 bed 2.5 bath inviting home and fall in love. Neutral colors throughout. Carpet and tile in all the right places. Huge kitchen lots of cabinets space. Gas stove. Eat-in Kitchen area *Bonus room downstairs to be used however you like! Has access to backyard. Plus a loft upstairs! Large master bedroom w. his/her closets. Remodeled backyard features Travertine tile, remodeled pool/spa with gorgeous waterfall feature. Built in bar area with gas hookup for grill, gas fire pit, Prime lot location in sought after Terramar subdivision w wrought iron fencing over looks wash with jogging pathway not to mention mountain views. Your own private oasis. Large side yard w recently laid pavers, So much to mention come and see for yourself

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k391k

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

Neighborhood: Terramar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452119

* 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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Mountain Ridge High School High Regular 2,206 94 7

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,767
Property Tax -$316
Property Insurance -$95
HOA -$9
Property Management Fees -$99
CASH FLOW
$154

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.

$479,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$48,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,683

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7413 W Honeysuckle Drive Peoria, AZ 1
    • 5 beds 3 baths ∙ 3,484 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,484 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.70
    •  
  • 7164 W Paso Trail Peoria, AZ 2
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 7531 W Andrea Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 8151 W Camino De Oro -- Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 7432 W Honeysuckle Drive Peoria, AZ 5
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Bridget Dewitt
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155109
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.

BESbswy