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7927 W Wethersfield Road Peoria, AZ 85381

3 Beds 2 Baths 1,321 sqft Built 1986

$320,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $242.24
  • 2 Days on Market
  • MLS # : 6193268
  • Updated Date : 02/14/2021 at 01:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,321 sqft
  • Baths : 1 full , 1 half
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Remodelled and ready for its new family! Beautiful Home with 3 bedrooms, 2 baths, 2 Car Garage and RV Gate. Kitchen with custom painted cabinets and New granite counter tops. Features Vaulted ceilings, new paint inside and outside. Also a covered patio in the large back yard. No HOA . . . Seller is finishing up few items still needed and I will have more pictures coming soon. :) ... Buyers to verify Schools and any other information. Sellers have never lived in the property. SPDS will be limited.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k289k

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

Neighborhood: Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411793

* 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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA

Centennial High School

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

Centennial High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,111
Property Tax -$174
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$87

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.

$320,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,255

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,2994$1,3505$1,595
$1,595
RENT COMPS ANALYSIS
  • 7927 W Wethersfield Road Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 8134 W Shangri La Road Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1995
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
  • 7331 W Paradise Drive Peoria, AZ 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
    •  
  • 11234 N 81st Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1994
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.99
    •  
  • 7638 W Mescal Street Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1988
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Leticia Fuerte
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193268
Last Updated: 02/14/2021
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.

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