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7952 W Rock Springs Drive Peoria, AZ 85383

3 Beds 3 Baths 2,236 sqft Built 2017

$499,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $223.17
  • 2 Days on Market
  • MLS # : 6163549
  • Updated Date : 11/21/2020 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

You won't want to miss this beautiful gently lived in home. Enter the Foyer w/coffered ceiling w/great view to the backyard thru the trifold sliding doors. Neutral plank tile thru out except bedrms. Gourment Kitchen has upgraded 42'' Cabinets w/ crown molding, Lg island w/ granite counter tops, pendant lights, Kohler Cashmere Sink. Blt in SS Micro, Oven & Fridge conveys. Walk in Pantry & Bay Window at Eat in Kitchen. Ceiling Fans thru out. Mtr Bedrm has Bay Window, coffered ceiling & exit to Patio. Master bath has dual separate sinks, Walk in Shower & w/in closet. Laundry rm w/ mud sink. Garage has epoxy floor, plumbed for sink, Auto light motion in both garages. Backyard has extnded paver patio ,artifical grass & mature Lime, Lemon & Orange trees. Like new, seller used 6 months a year

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
Terramar School Primary Regular 844 46 8
Terramar School Middle Regular 844 46 8
Sandra Day O'connor High School High Regular 2,481 108 6

Terramar School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Terramar School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 46
8
GreatSchools Rating

Sandra Day O'connor High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,841
Property Tax -$322
Property Insurance -$71
HOA -$79
Property Management Fees -$99
CASH FLOW
-$412

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.

$499,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.40%

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-$10k-$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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9953$2,0004$2,1955$2,250
$2,250
RENT COMPS ANALYSIS
  • 7952 W Rock Springs Drive Peoria, AZ 3
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 26807 N 84th Avenue Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 26913 N 83rd Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2003
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 26449 N 84th Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 26237 N 74th Lane Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Lori Gonzales
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163549
Last Updated: 11/21/2020
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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