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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $189.39
- 6 Days on Market
- MLS # : 6184934
- Updated Date : 02/04/2021 at 16:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,980 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautifully renovated split level home NO HOA. New doors/trim compliment matching tile floor throughout both levels Gorgeous GRANITEcounters cover updated GE appliances in kitchen which opens up to a living room complete with a COZY wood FIREPLACE. This 4bedroom BEAUTY includes 2 bedrooms upstairs, 2 downstairs, + ADDITIONAL family room downstairs. Lush front yard FULL of desertlandscaping with drip system. Backyard entertainers DREAM boasts large concrete patio, paver PLANTER BOX along back wall withw/system. Leveled DE deposed backyard - ready for you to install INCLUDED pre-rolled TURF in the layout that works for you. Plenty ofroom for RV/Boat. Owner occupied for the last 30 years this home screams PRIDE OF OWNERSHIP. Schedule your showing today - Beforeit's SOLD!
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PRICE & RENT TRENDS
Neighborhood: Ridgemere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridgemere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$204 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$98
|
||
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.
$374,999
PROJECTED PRICE
$1,570
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,249 |
4.08
YEARS SAVED
$14,199
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
7631 W Surrey Avenue Peoria, AZ 1
- 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8101 W Aster Drive Peoria, AZ 2
- 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,725
- $0.90
-
7938 W Dahlia Drive Peoria, AZ 3
- 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
-
7937 W Windrose Drive Peoria, AZ 4
- 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,849
- $0.96
-
7958 W Surrey Avenue Peoria, AZ 5
- 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,875
- $0.95
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184934
Last Updated: 02/04/2021
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.
