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8330 W Surrey Avenue Peoria, AZ 85381

4 Beds 2 Baths 1,981 sqft Built 1989

$315,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $159.01
  • 2 Days on Market
  • MLS # : 6206932
  • Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,981 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fantastic 4 bedroom home ready for move in! Home has vaulted ceilings, large living room and family room. Kitchen is nice size opening up to the family room area great for entertaining with Stainless steel fridge to stay! Master bedroom has 2 closets and lots of storage, separate tub and shower and double sinks. Home needs some love, but priced accordingly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pivotal Peoria Center

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Pivotal Peoria Center

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
Peoria High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

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

Peoria High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,094
Property Tax -$171
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$300

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.

$315,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$50,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7303$1,8494$1,8755$1,995
$1,995
RENT COMPS ANALYSIS
  • 8330 W Surrey Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.87
    •  
  • 8101 W Aster Drive Peoria, AZ 1
    • 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
    •  
  • 7937 W Windrose Drive Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.96
    •  
  • 7958 W Surrey Avenue Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
  • 13620 N 82nd Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
PROPERTY LISTING DETAILS
Shelly Estes
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206932
Last Updated: 03/20/2021
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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