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7937 W Redbird Road Peoria, AZ 85383

3 Beds 3 Baths 2,560 sqft Built 2015

$494,400

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $193.13
  • 2 Days on Market
  • MLS # : 6183579
  • Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Halinda's Realty

Listing Agent's Description

Welcome to this gorgeous single story home in Rock Springs! Upgrades galore with approx $70k in extras: 42''upgraded kitchen cabinets with beautiful granite countertops, stainless steal appliances, walk-in closets in all 3 bedrooms, walk-in storage room in guest bath, 2yr old water heater, RO system, soft water system, butlers pantry, spacious home office/den, 3 programmable thermostats, smart home tech pkg, 10' ceilings throughout. Oversized 2car garage with storage and epoxy floors, additional 1car split garage with built in work bench/storage. Beautiful outdoor BBQ island. A play park just down down street, plus walking and running trails. This is truly a family home. Owner/Agent

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rock Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $99k428k

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

Neighborhood: Rock Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452281

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$444,960$543,840$494,400

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,717
Property Tax -$319
Property Insurance -$77
HOA -$79
Property Management Fees -$99
CASH FLOW
-$11

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.

$494,400

PROJECTED PRICE

$2,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.6%
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$0.0$5.0k$10k$15k$20k

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$136,766

INVESTMENT

$136,766

Down Payment
$123,600
Rehab Estimate
$5,750
Closing Costs
$7,416

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,717

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,600
Loan Amount $370,800
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$26,040

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
  • $2,438

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,2954$2,3005$2,445
$2,445
RENT COMPS ANALYSIS
  • 7937 W Redbird Road Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26237 N 74th Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 7997 W Rock Springs Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
  • 7795 W Rock Springs Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2012
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 7208 W Tether Trail Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2002
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.03
    •  
PROPERTY LISTING DETAILS
Linda Ruegamer
Halinda's Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183579
Last Updated: 01/30/2021
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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