Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8256 W Bloomfield Road Peoria, AZ 85381

4 Beds 2 Baths 2,515 sqft Built 2003

$465,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $184.89
  • 2 Days on Market
  • MLS # : 6155204
  • Updated Date : 11/02/2020 at 17:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,515 sqft
  • Baths : 2 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Single family home, stucco with tile roof, 4 bedrooms with one made into an office with built-in cabinets (can lighting); large master bedroom with large bathroom (separate shower and soaking tub), built-in make-up table/chair, walk-in closet, shutters, inside windows framed and some with window sills; double doors into master bedroom; laundry room, great room; eat-in kitchen with bay window, hanging pot rack, formal dining room (used as a game room), foyer, tall front door with sidelights, split floor plan, master and office on west side, two remaining bedrooms and bathroom (tub/shower with glass sliding doors) on east side, one bedroom has walk-in closet, flooring wood-look laminate and wood-look porcelain tile, faux wood blinds.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Twin Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k363k

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

Neighborhood: Twin Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10182286

* 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
Oasis Elementary School Primary Regular 803 38 7
Oasis Elementary School Middle Regular 803 38 7
Centennial High School High Regular 2,096 85 6

Oasis Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Oasis Elementary School

  • Education Level: Middle
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,716
Property Tax -$307
Property Insurance -$76
HOA -$50
Property Management Fees -$99
CASH FLOW
-$328

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$465,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,616

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
  • $1,937

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6954$1,8955$1,999
$1,999
RENT COMPS ANALYSIS
  • 8256 W Bloomfield Road Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,515 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,515 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11547 N 85th Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 7845 W Pershing Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 8004 W Eugie Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 8621 W Windrose Drive Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jared A English
Congress Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155204
Last Updated: 11/02/2020
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.

BESbswy