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7548 W Bajada Road Peoria, AZ 85383

5 Beds 3 Baths 2,891 sqft Built 2014

$459,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $159.08
  • 6 Days on Market
  • MLS # : 6175318
  • Updated Date : 01/03/2021 at 00:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,891 sqft
  • Baths : 3 full
Listing Agent

Success One Realty

Listing Agent's Description

Fantastic 5bed/3bath Peoria home tucked into the highly sought after Rock Springs Planned Community. This gem features great curb appeal leading into the light and bright interior with tall ceilings, tile flooring & a spacious fluid floor plan. Kitchen will delight any chef with granite counter tops, sleek black appliances, a plethora of cabinetry and a center island with breakfast bar seating. Perfect for gathering with friends and family. Upstairs you will find a large loft, spacious bedrooms & 3 with walk in closets . Master retreat includes private suite with dual sinks & oversized shower. Amazing outdoor entertaining space is complete with sparkling pool with fountain features & pergola covered conversation area & artificial turf. Do not miss out! Schedule your private showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Mesquite

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452293

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

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

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,697
Property Tax -$289
Property Insurance -$84
HOA -$79
Property Management Fees -$99
CASH FLOW
$183

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.

$459,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$49,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,430
$2,430
RENT COMPS ANALYSIS
  • 7548 W Bajada Road Peoria, AZ
    • 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.84
    •  
PROPERTY LISTING DETAILS
David E Fitzgerald
Success One Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175318
Last Updated: 01/03/2021
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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