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7741 W Boca Raton Road Peoria, AZ 85381

4 Beds 3 Baths 2,009 sqft Built 1992

$389,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $194.08
  • 3 Days on Market
  • MLS # : 6165390
  • Updated Date : 12/04/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,009 sqft
  • Baths : 2 full , 1 half
Listing Agent

Epic Home Realty

Listing Agent's Description

This Beautiful Arrowhead area home is a must see! Ideal Location Near Arrowhead Towne Center, minutes from the 101 freeway, fine dining and shopping. This beautiful home is perfectly laid out with plenty of space inside and out. Recently renovated in 2016 with all new flooring, updated kitchen & baths and new paint interior/exterior. Upon entering this home you are greeted by a large living space, perfect for that bonus room, formal dining or at home office. The large well laid out kitchen offers beautiful granite countertops, newer appliances and a full size pantry. The kitchen overlooks the large great room which is perfect for entertaining. The 2nd floor is well laid out with a large owners suite and 3 large extra beds. Don't forget to have a look at the huge backyard with an RV

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shavano

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Shavano

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181981

* 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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,439
Property Tax -$212
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$196

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.

$389,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.42%

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,753

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7253$1,7504$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 7741 W Boca Raton Road Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.81
    •  
  • 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
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 7635 W Charter Oak Road Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 7938 W Dahlia Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 7737 W Dreyfus Drive Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dustin R. Reed
Epic Home Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165390
Last Updated: 12/04/2020
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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