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7551 W Andrea Drive Peoria, AZ 85383

4 Beds 3 Baths 2,055 sqft Built 2012

$423,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $205.84
  • 6 Days on Market
  • MLS # : 6175285
  • Updated Date : 12/31/2020 at 17:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2012, this Peoria one-story home offers granite countertops, stainless steel appliances, turf putting green, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rock Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $99k428k

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

Neighborhood: Rock Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452281

* 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
 

$380,700$465,300$423,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,561
Property Tax -$262
Property Insurance -$67
HOA -$79
Property Management Fees -$99
CASH FLOW
-$38

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.

$423,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,845

INVESTMENT

$117,845

Down Payment
$105,750
Rehab Estimate
$5,750
Closing Costs
$6,345

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,750
Loan Amount $317,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$24,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,070

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0304$2,1005$2,500
$2,500
RENT COMPS ANALYSIS
  • 7551 W Andrea Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.99
    •  
  • 26913 N 83rd Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 7610 W Redbird Road Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2013
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 7345 W Paso Trail Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 7595 W Quail Track Drive Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 2016
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175285
Last Updated: 12/31/2020
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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