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7724 W Calavar Road Peoria, AZ 85381

4 Beds 3 Baths 3,008 sqft Built 1990

$475,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $157.91
  • 5 Days on Market
  • MLS # : 6176766
  • Updated Date : 01/07/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,008 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

A beautiful 2 story home on a corner lot! Located in the heart of Peoria. 4 Bedroom, 2.5 Bath, with a den & game room! A stunning remodeled master bathroom. Granite countertops. Tons of cabinets. Brand new black stainless steel appliances. Freshly painted interior & exterior. RV Gate. Newly finished pebble tech pool with removable child safety gate. Pool, Gazibo with a bar. A massive backyard with a large grass area, fire pit, basketball court, 2 storage sheds, swing set & boat cover. Don't wait to come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Copperfield

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Copperfield

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
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,650
Property Tax -$258
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$179

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.

$475,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.40%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8954$1,8995$1,900
$1,900
RENT COMPS ANALYSIS
  • 7724 W Calavar Road Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 7845 W Pershing Avenue Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 7737 W Dreyfus Drive Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 1985
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 8004 W Eugie Avenue Peoria, AZ 3
    • 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
    •  
  • 15159 N 81st Avenue Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1980
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.86
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176766
Last Updated: 01/07/2021
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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