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7587 W Marconi Avenue Peoria, AZ 85382

4 Beds 3 Baths 2,013 sqft Built 2015

$465,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $231.00
  • 6 Days on Market
  • MLS # : 6207919
  • Updated Date : 03/17/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,013 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Spectacular luxury home in the heart of Peoria. Walk or bike to P83 sports &entertainment district, Arrowhead Mall, restaurants & shopping nearby.Pride of ownership with up to $100K in upgrades. 4 Bedrooms w/engineered hardwood and bamboo floor. Open floor concept of Living Room and Kitchen w/fireplace, huge kitchen island w/quarts countertops, white clean cabinets and stainless steel backsplash. Impressive, new entrance iron door. Cozy and inviting back yard for enjoying your entertaining w/paver bricks, covered patio w/Alumawood roof, built-in fireplace, bar, grill &pizza oven. Even your own garden area for fresh herbs. Two white Credenzas in Living Room, fireplace TV in living room and patio TV are conveying. Upscale living in this Arizona paradise home you don't want to miss.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palo Verde

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Palo Verde

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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA

Centennial High School

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

Centennial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,615
Property Tax -$312
Property Insurance -$66
HOA -$98
Property Management Fees -$99
CASH FLOW
-$411

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.

$465,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 7587 W Marconi Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15996 N 73rd Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2006
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 16054 N 74th Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 15825 N 74th Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 2006
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 7129 W Kings Avenue Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Valentina V Usacheva-cerkas
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207919
Last Updated: 03/17/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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