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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
$76,638
REQUEST INFO
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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Vistas Avenida
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vistas Avenida
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$76,638
LOAN DETAILS
$987
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,875 |
| Loan Amount | $200,625 |
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
-
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
Rhp Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122269
Last Updated: 08/25/2020
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.
