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7586 W Tumblewood Drive Peoria, AZ 85382

4 Beds 3 Baths 2,370 sqft Built 2000

INVESTimate

$424,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$449,016  ( +5.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $178.90
  • 8 Days on Market
  • MLS # : 6119568
  • Updated Date : 08/20/2020 at 14:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,370 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Great location in quiet Neighborhood of Arrowhead Shadows. Highly sought after desirable North Peoria. This stunning home features 4 bedrooms, 3 bathrooms, 3 car garage, single level with 2,370 sq ft and pool. Fresh new interior and exterior paint, new tile and 3 new toilets in bathrooms and new laminate wood looking flooring in the high traffic areas. Great floor plan with large living/dining room, spacious kitchen with new Quartz countertop, new Stainless Steal appliances overlooking the family room. Inviting private back yard with three mature citrus trees, Shasta pool with waterfall, no two story homes looking down on you, North South exposure with desert landscape front and back. Conveniently located near Loop 101, Arrowhead Mall, shopping, and Peoria sports complex.

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
 

$381,600$466,400$424,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,564
Property Tax -$231
Property Insurance -$73
HOA -$55
Property Management Fees -$99
CASH FLOW
-$282

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.

$424,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.90%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,110

INVESTMENT

$118,110

Down Payment
$106,000
Rehab Estimate
$5,750
Closing Costs
$6,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,000
Loan Amount $318,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7404$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 7586 W Tumblewood Drive Peoria, 3
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.73
    •  
  • 16316 N 73rd Lane Peoria, 1
    • 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2009
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 7555 W Betty Elyse Lane Peoria, 2
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 16228 N 73rd Drive Peoria, 4
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2009
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 8004 W Eugie Avenue Peoria, 5
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
PROPERTY LISTING DETAILS
Daniel B Puccini
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119568
Last Updated: 08/20/2020
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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