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7632 W Redfield Road Peoria, AZ 85381

3 Beds 2 Baths 1,633 sqft Built 1992

$319,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $195.90
  • 5 Days on Market
  • MLS # : 6161813
  • Updated Date : 11/20/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,633 sqft
  • Baths : 2 full
Listing Agent

Provident Partners Realty

Listing Agent's Description

This Nicely kept home has a NEW ROOF, NEW PAINT INSIDE & OUT with Vaulted Ceilings, Open Layout & great floor plan. 3 beds, 2 baths and in a Great Location close to everything, including the 101 Loop & Glendale sports complexes. Your family will love & enjoy living in this Nice Home that is also on a Quiet Street in the beautiful Shavano NO HOA Community. Nicely kept with Tile and Wood Laminate floors throughout, Kitchen with separate eating area & Stainless-steel appliances, 4-year-old A/C unit and furnace, updated blinds, Lighting and Ceiling Fans throughout. Also has a 2 car Garage with opener, covered patio, private fenced Low Maintenance yard with Terracotta Tiled patio, shed and more. The Beautiful Master suite has a separate shower & tub with double sinks and a door to the patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shavano

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Shavano

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181981

* 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,180
Property Tax -$174
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$72

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.

$319,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,347

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
  • $1,523

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6004$1,7255$1,875
$1,875
RENT COMPS ANALYSIS
  • 7632 W Redfield Road Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7998 W Zoe Ella Way Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 7344 W Eugie Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1997
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 7527 W Sweetwater Avenue Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1991
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
  • 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
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kimberly Spettnagel
Provident Partners Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161813
Last Updated: 11/20/2020
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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