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8061 W Molly Drive Peoria, AZ 85383

6 Beds 4 Baths 4,057 sqft Built 2014

$799,900

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $197.17
  • 2 Days on Market
  • MLS # : 6184594
  • Updated Date : 01/23/2021 at 18:19
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,057 sqft
  • Baths : 3 full , 1 half
Listing Agent

Cerreta Real Estate

Listing Agent's Description

Exquisite home in an outstanding location. Home has all the features you've been longing for. Large 2 story home has 6 bedrooms and 3.5 bathrooms. Master suite is your sumptuous paradise with double sinks, separate tub and shower, and walk in closet. Entertainers kitchen is sure to please with granite counters, stainless steel appliances, large island with breakfast bar and aspacious nook. Formal living and dining rooms along with a family room. Backyard is your private oasis. Backing to the natural desert and mountains, this yard provides a delightful retreat, no matter the season. With pool, covered patio, and lush landscaping, there is something for everyone. Home is located near outstanding schools, parks, shopping, and more. This is the place to call home. Come see today.

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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,778
Property Tax -$516
Property Insurance -$106
HOA -$79
Property Management Fees -$99
CASH FLOW
-$688

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.

$799,900

PROJECTED PRICE

$2,890

PROJECTED RENT

0.36%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,566

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
  • $2,911

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4123$2,6004$2,9505$3,700
$3,700
RENT COMPS ANALYSIS
  • 8061 W Molly Drive Peoria, AZ 1
    • 6 beds 4 baths ∙ 4,057 Sqft ∙ Built 2014 6 beds 4 baths ∙ 4,057 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8351 W Alyssa Lane Peoria, AZ 2
    • 5 beds 5 baths ∙ 3,912 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,912 Sqft ∙ Built 2003
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,412
    • $0.62
    •  
  • 6894 W Mazatzal Drive Peoria, AZ 3
    • 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,735 Sqft ∙ Built 2006
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
  • 7989 W Redbird Road Peoria, AZ 4
    • 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.68
    •  
  • 8653 W Rowel Road Peoria, AZ 5
    • 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Marlene Cerreta
Cerreta Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184594
Last Updated: 01/23/2021
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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