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7717 W Wethersfield Road Peoria, AZ 85381

4 Beds 3 Baths 1,870 sqft Built 1987

$305,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $163.10
  • 2 Days on Market
  • MLS # : 6180789
  • Updated Date : 01/17/2021 at 02:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,870 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Foothills

Listing Agent's Description

This one is going to blow you away. With an oversized, corner lot with an RV gate, extended driveway and NO HOA, this one checks ALL the boxes. The highly-functional floor plan offers a pass-through kitchen, that joins the formal dining and family room. You're going to love this location! So conveniently located to shopping and transportation access. The backyard is ready for your design and is complete with a storage shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Windmill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k358k

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

Neighborhood: Windmill

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
Oasis Elementary School Primary Regular 803 38 7
Oasis Elementary School Middle Regular 803 38 7
Centennial High School High Regular 2,096 85 6

Oasis Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Oasis Elementary School

  • Education Level: Middle
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,059
Property Tax -$166
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$292

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.

$305,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$47,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7253$1,7954$1,8495$1,875
$1,875
RENT COMPS ANALYSIS
  • 7717 W Wethersfield Road Peoria, AZ 1
    • 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lisa Michelle Navarrette
Re/max Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180789
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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