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8314 W Corrine Drive Peoria, AZ 85381

4 Beds 2 Baths 1,767 sqft Built 1985

$335,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $189.59
  • 4 Days on Market
  • MLS # : 6175549
  • Updated Date : 01/03/2021 at 02:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,767 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Gorgeous contemporary farm style home. Interior is in gray and neutral tones with fresh neutral tone paint throughout, gray wood plank flooring and carpet all done in 2018. Vaulted ceilings, open and bright. Single story 1767 SQ FT, 4 Bedrms, 2 Baths Huge Fam. Rm with brick fireplace plus another flex space with french doors to covered patio. Kitchen is white with granite counters in neutral colors. Master bath recently redone with new fixtures, white cabinets and tub. Garage has custom paint, corrugated metal walls, epoxy flooring. Sparkling pebble tec play pool. Large corner lot RV gate and RV Parking, No HOA. Exterior paint also done 2018. A/C & Roof(2014) Adjacent to Windrose Park, close to shopping, P83, the 101, Peoria Sports Complex.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cobblestone Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $89k289k

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

Neighborhood: Cobblestone Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331793

* 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
Sky View Elementary School Primary Regular 469 30 5
Sky View Elementary School Middle Regular 469 30 5
Peoria High School High Regular 1,511 67 3

Sky View Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Sky View Elementary School

  • Education Level: Middle
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,236
Property Tax -$182
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$31

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.

$335,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,726

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
  • $1,577

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,5854$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 8314 W Corrine Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8420 W Wethersfield Road Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 12160 N 83rd Drive Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.87
    •  
  • 8444 W Shaw Butte Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 8101 W Aster Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ronald J Guzman
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175549
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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