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7827 W Paradise Drive 
Peoria, AZ
85345
3 Beds 2 Baths 1,563 sqft
Built 1984
INVESTimate
$299,950
List Price
$85,237
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $191.91
- 2 Days on Market
- MLS # : 6122062
- Updated Date : 08/25/2020 at 20:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,563 sqft
- Baths : 2 full
Listing Agent
Keller Williams Northeast Realty
Listing Agent's Description
What an incredible opportunity to live in one of the most desired neighborhoods in the West valley corridor, where active lifestyles meet modern day convenience. Enjoy shopping and fine dining along with quick access to freeways, the airport and downtown Phoenix.This quality crafted renovation includes an impeccable selection of luxurious appointments and fine finishes that blend quality and attention to detail throughout this spectacular turn-key modern ranch remodel. Carefully set on a quiet and oversized corner lot awaits a wonderful great room floor plan that's spacious, yet efficient and combines elegance and comfort perfect for entertaining or a quiet night at home.The cozy front porch welcomes you to a dramatic entry that's light, bright and open featuring *(Click Mo
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PRICE & RENT TRENDS
Neighborhood: Peppermill Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peppermill Run
* 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 | $1,350 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$163 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$76
|
||
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.
$299,950
PROJECTED PRICE
$1,350
PROJECTED RENT
0.45%
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
$85,237
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,988 |
| Loan Amount | $224,963 |
4.5
YEARS SAVED
$15,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,379
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7827 W Paradise Drive Peoria, 1
- 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7331 W Paradise Drive Peoria, 2
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,250
- $0.88
-
11161 N 73rd Avenue Peoria, 3
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1982
![property image]()
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,350
- $0.87
-
8544 W Cherry Hills Drive Peoria, 4
- 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1997
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
7647 W Yucca Street Peoria, 5
- 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,539
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Northeast Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122062
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.
