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7534 W Jenan Drive Peoria, AZ 85345

3 Beds 2 Baths 1,656 sqft Built 1996

INVESTimate

$267,500

List Price

$1,290

$1,161 - $1,419

Rent Est.

$290,077  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $161.53
  • 2 Days on Market
  • MLS # : 6122269
  • Updated Date : 08/25/2020 at 09:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Rhp Real Estate

Listing Agent's Description

**PRICED TO SELL & NO HOA** MAKE THIS HOUSE YOUR HOME! SPLIT MASTER FLOORPLAN WITH INTERIOR FEATURES THAT INCLUDE TILE FLOORING, OAK CABINETRY, VAULTED CEILINGS, STAINLESS STEEL APPLIANCES (REFRIGERATOR TOO), FOOD PANTRY, BAY WINDOW IN EAT-IN KITCHEN, INSIDE LAUNDRY WITH CABINETS, CEILING FANS, NEWER HALL BATH VANITY, LARGE MASTER WALK-IN CLOSET + DUAL SINKS AND DOOR TO REAR YARD. OUTSIDE YOU'LL FIND STONE ACCENTS + COACH LIGHTS FOR CURB APPEAL, REAR COVERED PATIO, WATER SOFTENER, SINK & SERVICE DOOR IN GARAGE PLUS NORTH/SOUTH EXPOSURE. A/C WAS REPLACED IN 2018, WATER HEATER IN 2015 AND TERMITE WARRANTY UNTIL MAY 2021. LOCATION CLOSE TO SCHOOLS AND CONVENIENT TO ENTIRE NORTHWEST VALLEY. THIS OPPORTUNITY WILL NOT LAST LONG.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistas Avenida

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Vistas Avenida

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8081793

* 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
Peoria Elementary School Primary Regular 612 34 5
Peoria Elementary School Middle Regular 612 34 5
Peoria High School High Regular 1,511 67 3

Peoria Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
5
GreatSchools Rating

Peoria Elementary School

  • Education Level: Middle
  • # of students: 612
  • # of teachers: 34
5
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating
 

$240,750$294,250$267,500

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 $1,290
EXPENSES Loan Payment -$987
Property Tax -$145
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$1

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.

$267,500

PROJECTED PRICE

$1,290

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,638

INVESTMENT

$76,638

Down Payment
$66,875
Rehab Estimate
$5,750
Closing Costs
$4,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$987

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,875
Loan Amount $200,625
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3503$1,4004$1,4505$1,539
$1,539
RENT COMPS ANALYSIS
  • 7534 W Jenan Drive Peoria, 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.78
    •  
  • 11161 N 73rd Avenue Peoria, 2
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 7038 W Mercer Lane Peoria, 3
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 7021 W Downspell Drive Peoria, 4
    • 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 7647 W Yucca Street Peoria, 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.92
    •  
PROPERTY LISTING DETAILS
Justin Schlegel
Rhp Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122269
Last Updated: 08/25/2020
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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