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7623 W Andrea Drive Peoria, AZ 85383

5 Beds 4 Baths 3,207 sqft Built 2006

$659,995

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $205.80
  • 8 Days on Market
  • MLS # : 6207750
  • Updated Date : 03/27/2021 at 22:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,207 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Realty Gurus

Listing Agent's Description

Tastefully REMODELED, Very Modern Looking, Spacious, 5 Bed/3.5 bath home, built on a corner lot, adjacent to a large open retention area, very private, has no neighbors to the west or south of home.You will love everything about this home, Fresh new exterior and interior paint, brand new wood-look tile flooring throughout the home, Brand new plush carpet upstairs, new bathroom, tiled showers with frameless glass enclosures. New quartz countertops, waterfall island, refinished cabinets with modern hardware and low voltage LED undercabinet / kick lighting w/ standard switch, modern square edge stainless sink.

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

Sandra Day O'connor High School

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

$593,996$725,995$659,995

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,292
Property Tax -$415
Property Insurance -$90
HOA -$79
Property Management Fees -$99
CASH FLOW
-$656

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.

$659,995

PROJECTED PRICE

$2,320

PROJECTED RENT

0.35%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$180,649

INVESTMENT

$180,649

Down Payment
$164,999
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,999
Loan Amount $494,996
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,485

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3203$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7623 W Andrea Drive Peoria, AZ 2
    • 5 beds 4 baths ∙ 3,207 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,207 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.72
    •  
  • 7440 W Tether Trail Peoria, AZ 1
    • 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,176 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 7164 W Paso Trail Peoria, AZ 3
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 7531 W Andrea Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,207 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 7315 W Briles Road Peoria, AZ 5
    • 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Aijaz Ansari
The Realty Gurus
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207750
Last Updated: 03/27/2021
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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