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7425 W Sahuaro Drive Peoria, AZ 85345

3 Beds 2 Baths 1,352 sqft Built 1960

INVESTimate

$260,000

List Price

$1,170

$1,053 - $1,287

Rent Est.

$284,180  ( +9.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $192.31
  • 5 Days on Market
  • MLS # : 6121188
  • Updated Date : 08/21/2020 at 22:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 1 full , 1 half
Listing Agent

Libertas Real Estate

Listing Agent's Description

THIS IS A MUST SEE HOME! This cozy home in Peoria has been beautifully remodeled. The home has new plank flooring throughout living space and carpet in the bedrooms. This home features a new kitchen, new cabinets which include 2 lazy susan corner cabinets & soft close drawers throughout, gorgeous countertops, new sink, faucet, and new stainless steel appliances such as stove, dishwasher and overhead microwave. The bathrooms have new vanities, fixtures, faucets, mirrors and lighting. This home has new doors, windows, blinds and new 3 1/2 inch baseboards.The large indoor laundry room also has extra room for storage. The property also has a new RV gate at back of the property and a front walk thru gate! Don't let this one pass you by!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peoria Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $77k289k

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

Neighborhood: Peoria Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7311793

* 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
Sundance Elementary School Primary Regular 710 40 4
Sundance Elementary School Middle Regular 710 40 4
Centennial High School High Regular 2,096 85 6

Sundance Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 40
4
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 40
4
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$959
Property Tax -$141
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$83

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.

$260,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,190

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2994$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 7425 W Sahuaro Drive Peoria, 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6543 W Carol Avenue Glendale, 2
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1972
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 7224 W North Lane Peoria, 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1972
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.81
    •  
  • 7222 W Caron Drive Peoria, 4
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 7232 W Brown Street Peoria, 5
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1976
    property image
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Denise Kirk
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121188
Last Updated: 08/21/2020
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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