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7555 W Karen Lee Lane Peoria, AZ 85382

4 Beds 3 Baths 2,545 sqft Built 2001

$435,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $170.92
  • 5 Days on Market
  • MLS # : 6153989
  • Updated Date : 10/31/2020 at 11:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

WOW!! Sparkling fenced pool w/water feature on oversized cul-de-sac lot. 2 car garage, extended parking spaces, RV gate & parking. Spacious open floor plan features 4 bedrooms, office/den, 2.5 bathrooms & oversized laundry room. Newer stained cabinets & SS appliances in kitchen, walk-in pantry, island, breakfast bar & R/O. Huge master suite w/separate tub/shower, dual sinks, & walk-in closet. Tile flooring throughout except in bedrooms/office-den. Lots of storage closets. Exterior freshly painted (2019). New water heater (2019). Backyard features mature landscaping, extended covered patio w/pavers leading to custom built fireplace. North/South exposure. Close to mall area, P83 sports & entertainment district, schools, & Loop 101.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Arrowhead Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Paseo Verde Elementary School Primary Regular 840 43 7
Paseo Verde Elementary School Middle Regular 840 43 7
Centennial High School High Regular 2,096 85 6

Paseo Verde Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Paseo Verde Elementary School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Centennial High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,605
Property Tax -$237
Property Insurance -$77
HOA -$18
Property Management Fees -$99
CASH FLOW
-$206

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.

$435,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8153$1,8304$1,8505$2,400
$2,400
RENT COMPS ANALYSIS
  • 7555 W Karen Lee Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.72
    •  
  • 7555 W Betty Elyse Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 16230 N 72nd Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2001
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.71
    •  
  • 16228 N 73rd Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2009
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 14317 N 75th Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Susan Shreve
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153989
Last Updated: 10/31/2020
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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