Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7809 W Jenan Drive Peoria, AZ 85345

5 Beds 3 Baths 2,100 sqft Built 1986

$354,998

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $169.05
  • 3 Days on Market
  • MLS # : 6204264
  • Updated Date : 03/12/2021 at 22:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home to Peoria! This spacious 5 bedroom, 2.5 bathroom, 3 car garage home has NO HOA and is waiting for you! This fantastic family home showcases a spacious tri-level floorplan with neutral paint and flooring throughout that will compliment all of your furnishings. Your beautiful updated kitchen features stunning cabinets with stylish hardware, granite countertops, stainless steel appliances and a breakfast bar! The view window between the dining area and family room allows you to entertain guests in multiple spaces. Your spacious master bedroom has a walk-in closet, double sink vanity, stand up shower and soaking tub! Each of the bedrooms are vast in size and have plenty of closet space. Out back, there is a covered patio, sparkling pool, RV gate, additional garage/shed/workshop,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Somerset

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Somerset

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
Peoria High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$319,498$390,498$354,998

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,233
Property Tax -$193
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$117

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.

$354,998

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,824

INVESTMENT

$99,824

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,249
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$32,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6993$1,7104$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 7809 W Jenan Drive Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.81
    •  
  • 11972 N 85th Avenue Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 11730 N 74th Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1984
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.82
    •  
  • 8101 W Aster Drive Peoria, AZ 4
    • 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
    •  
  • 8338 W Paradise Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1999
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204264
Last Updated: 03/12/2021
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.

BESbswy