Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7634 W Cinnabar Avenue Peoria, AZ 85345

4 Beds 3 Baths 2,328 sqft Built 1992

$334,500

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $143.69
  • 3 Days on Market
  • MLS # : 6190591
  • Updated Date : 02/06/2021 at 18:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,328 sqft
  • Baths : 2 full , 1 half
Listing Agent

Weichert, Realtors - Peak Performance

Listing Agent's Description

Nice Peoria home is a two story with 4 bedrooms, 2.5 bath. Formal living /Dining. Laminate wood floors throughout the main level. The family room has a cozy fireplace. The eat-in kitchen has oak cabinets, granite look countertop, SS appliances, breakfast bar, pantry cabinets. Powder room downstairs. Generous sized bedrooms. Plush carpeting upstairs. The master bedroom is spacious with a full bath and a large walk-in closet. Laundry room is conveniently located upstairs. The backyard has a covered patio and storage shed with plenty of room to add your personal touches. Close to schools, shopping, and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westfield Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $79k289k

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

Neighborhood: Westfield Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7821793

* 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
Peoria High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating

Peoria High School

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

$301,050$367,950$334,500

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,162
Property Tax -$182
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$115

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.

$334,500

PROJECTED PRICE

$1,630

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$94,393

INVESTMENT

$94,393

Down Payment
$83,625
Rehab Estimate
$5,750
Closing Costs
$5,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,625
Loan Amount $250,875
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$30,639

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
  • $1,781

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6004$1,7855$1,899
$1,899
RENT COMPS ANALYSIS
  • 7634 W Cinnabar Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7619 W Brown Street Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1988
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.70
    •  
  • 9663 N 81st Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 7368 W Eva Street Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1995
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.79
    •  
  • 7127 W Vogel Avenue Peoria, AZ 5
    • 5 beds 2 baths ∙ 2,325 Sqft ∙ Built 1983 5 beds 2 baths ∙ 2,325 Sqft ∙ Built 1983
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.82
    •  
PROPERTY LISTING DETAILS
Audrey Mae Alexander
Weichert, Realtors - Peak Performance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190591
Last Updated: 02/06/2021
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.

BESbswy