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7709 W North Lane 
Peoria, AZ
85345
4 Beds 2 Baths 1,818 sqft
Built 1992
INVESTimate
$299,900
List Price
$85,224
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $164.96
- 2 Days on Market
- MLS # : 6122403
- Updated Date : 08/25/2020 at 23:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,818 sqft
- Baths : 2 full
Listing Agent
Valentino Moca
Listing Agent's Description
Great opportunity to own a beautiful home located on one of the few 1/4 acre+ cul de sac lots in Sunset View! This home boasts an open floor plan, has 4 bedrooms, 2 full bathrooms, and also an enclosed sunroom. The backyard has plenty of room for the kids to enjoy, plus the swimming pool/spa is perfect for entertaining. There is also an RV gate to park your toys! Bring in your offers! This one won't last.
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PRICE & RENT TRENDS
Neighborhood: Sunset View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$163 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$39
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$299,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.30% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.5
YEARS SAVED
$26,717
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,554
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
7709 W North Lane Peoria, 2
- 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,470
- $0.81
-
7034 W Mercer Lane Peoria, 1
- 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,400
- $0.80
-
7565 W Comet Avenue Peoria, 3
- 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
8033 W Hatcher Road Peoria, 4
- 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
7726 W Cochise Drive Peoria, 5
- 5 beds 2 baths ∙ 1,818 Sqft ∙ Built 1992 5 beds 2 baths ∙ 1,818 Sqft ∙ Built 1992
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
Valentino Moca
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122403
Last Updated: 08/25/2020
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.
