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8315 N 97th Drive Peoria, AZ 85345

4 Beds 2 Baths 2,166 sqft Built 2003

$335,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $154.66
  • 2 Days on Market
  • MLS # : 6174627
  • Updated Date : 12/26/2020 at 13:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Ready to make the West Valley home? This gorgeous single family home is located minutes away from the 101 and West Gate Entertainment District! Step into this bright floor plan with plenty of windows for natural light! Brand new upgraded carpets through out! The kitchen features custom honey maple cabinets with granite counter tops. Step into the backyard through french doors to enjoy your own backyard oasis with hand built planter boxes and a well built storage shed for all your tools. Home Features and RV gate for easy access to the back yard as well as a 3 car garage with insulated garage doors! Master bedroom has an ensuite bathroom with dual vanity and large walk in closet! 3 additional bedrooms are great size with new carpet and ceiling fans. Home has a Trane 18 Seers unit!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k309k

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

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181793

* 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
Sun Valley Elementary School Primary Alternative 945 43 5
Sun Valley Elementary School Middle Alternative 945 43 5
Raymond S. Kellis High School High Regular 1,928 75 4

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 43
5
GreatSchools Rating

Sun Valley Elementary School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 43
5
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,236
Property Tax -$205
Property Insurance -$69
HOA -$35
Property Management Fees -$99
CASH FLOW
$146

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

$1,790

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.3%
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$20k

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 40% 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

7.83

YEARS SAVED

$40,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,7004$1,7905$1,975
$1,975
RENT COMPS ANALYSIS
  • 8315 N 97th Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.83
    •  
  • 9260 W Caron Circle Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 9424 N 97th Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1998
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 9814 W Sanna Street Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2019
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 9819 W Butler Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
PROPERTY LISTING DETAILS
Everardo M Chavez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174627
Last Updated: 12/26/2020
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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