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7635 W Charter Oak Road Peoria, AZ 85381

4 Beds 3 Baths 2,050 sqft Built 2010

$340,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $165.85
  • 3 Days on Market
  • MLS # : 6187426
  • Updated Date : 01/31/2021 at 03:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crestmark Realty Group Llc

Listing Agent's Description

4 BEDROOM 2.5 BATH - ACROSS FROM THE PARK AREA - FORMAL LIVING - FORMAL DINING - FAMILY ROOM - KITCHEN HAS BLACK APPLIANCES, BUILT-IN MICROWAVE, PANTRY AND LOTS OF CABINET SPACE - ALL BEDROOMS UPSTAIRS - GRASSY AREA BACK YARD - FRUIT TREES - COVERED PATIO currently leased till June 2021open house Saturday 11 am to 1.30 pm

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Rose

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Park Rose

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,181
Property Tax -$249
Property Insurance -$67
HOA -$55
Property Management Fees -$99
CASH FLOW
$19

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.

$340,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.49%

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-$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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6703$1,6954$1,7255$1,895
$1,895
RENT COMPS ANALYSIS
  • 7635 W Charter Oak Road Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.81
    •  
  • 7639 W Sunnyside Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1993
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.75
    •  
  • 8129 W Laurel Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 1998
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 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
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
  • 8004 W Eugie Avenue Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
PROPERTY LISTING DETAILS
Shanavas Kattoor
Crestmark Realty Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187426
Last Updated: 01/31/2021
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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