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8039 W Mariposa Grande Lane Peoria, AZ 85383

6 Beds 3 Baths 3,323 sqft Built 1999

$719,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $216.64
  • 4 Days on Market
  • MLS # : 6156504
  • Updated Date : 11/05/2020 at 18:18
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,323 sqft
  • Baths : 3 full
Listing Agent

Homie

Listing Agent's Description

Beautiful home with a basement! This 6 bedroom, 3 bath, 3300 sq ft home has a fully finished basement with additional living room and separate theatre room. Remodeled kitchen has a large island that makes entertaining easy. This home sits on 0.52 acre with a spacious RV pad. Room to park multiple vehicles/motorhome/boat behind a private gate. Pad is large enough to build your own custom RV garage. Backyard is an outdoor paradise with massive pool and jacuzzi, built-in BBQ area and pizza oven.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k524k

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

Neighborhood: Eagle Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452817

* 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
 

$647,910$791,890$719,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,656
Property Tax -$391
Property Insurance -$92
HOA -$50
Property Management Fees -$99
CASH FLOW
-$878

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.

$719,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,524

INVESTMENT

$196,524

Down Payment
$179,975
Rehab Estimate
$5,750
Closing Costs
$10,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,975
Loan Amount $539,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,359

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,4103$2,5954$2,700
$2,700
RENT COMPS ANALYSIS
  • 8039 W Mariposa Grande Lane Peoria, AZ 2
    • 6 beds 3 baths ∙ 3,323 Sqft ∙ Built 1999 6 beds 3 baths ∙ 3,323 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.73
    •  
  • 7465 W Paraiso Drive Glendale, AZ 1
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 1995
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.62
    •  
  • 25950 N 84th Lane Peoria, AZ 3
    • 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,644 Sqft ∙ Built 2005
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.71
    •  
  • 7432 W Honeysuckle Drive Peoria, AZ 4
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2002
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156504
Last Updated: 11/05/2020
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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