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8028 W Tonopah Drive Peoria, AZ 85382

4 Beds 2 Baths 2,221 sqft Built 1999

$424,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $191.31
  • 4 Days on Market
  • MLS # : 6166951
  • Updated Date : 12/05/2020 at 23:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,221 sqft
  • Baths : 2 full
Listing Agent

Valley Signature Real Estate

Listing Agent's Description

A beautiful home in Fletcher Heights - park in the 3-car garage & walk through the large double front doors to a freshly painted home with new carpet. Living area features a generous sized kitchen boasting new appliances and an island plus a dining area open to the family room. The sliding glass door opens to an entertainer's backyard with grass for kids and pets plus a built-in pool/spa. Floor plan offers a split master bedroom and the master bathroom has separate tub and shower plus a large walk-in closet. New HVAC, hot water heater & pool pump - all this in a sought after location near schools, freeways and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fletcher Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Fletcher Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Frontier Elementary School Primary Regular 944 44 9
Frontier Elementary School Middle Regular 944 44 9
Sunrise Mountain High School High Regular 1,675 72 7

Frontier Elementary School

  • Education Level: Primary
  • # of students: 944
  • # of teachers: 44
9
GreatSchools Rating

Frontier Elementary School

  • Education Level: Middle
  • # of students: 944
  • # of teachers: 44
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,568
Property Tax -$289
Property Insurance -$70
HOA -$15
Property Management Fees -$99
CASH FLOW
-$181

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.

$424,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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-$5.0k$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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,032

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8603$1,9004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 8028 W Tonopah Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.84
    •  
  • 20958 N 81st Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 8378 W Pontiac Drive Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 7842 W Quail Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2006
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 7931 W Rose Garden Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
William Case Ruddick
Valley Signature Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166951
Last Updated: 12/05/2020
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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