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8333 W Alyssa Lane Peoria, AZ 85383

5 Beds 5 Baths 3,913 sqft Built 2003

INVESTimate

$585,000

List Price

$2,350

$2,115 - $2,585

Rent Est.

$599,157  ( +2.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $149.50
  • 7 Days on Market
  • MLS # : 6120020
  • Updated Date : 08/23/2020 at 19:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,913 sqft
  • Baths : 4 full , 1 half
Listing Agent

Mutual Property Advisors, Llc

Listing Agent's Description

This well maintained home in Westwing Mountain boasts 5 Bedrooms and 4.5 Baths. It has 1 bedroom and bath on the main level, theater room with wet bar, kitchen with butler's pantry and stainless appliances / granite throughout. A spacious backyard perfect for entertaining including pebble tech play pool with water features, hot tub, gas firepit, built in BBQ, gas tiki torches, and easy to maintain desert landscaping. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k436k

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

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452176

* 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
West Wing School Primary Regular 1,046 51 9
West Wing School Middle Regular 1,046 51 9
Sandra Day O'connor High School High Regular 2,481 108 6

West Wing School

  • Education Level: Primary
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

West Wing School

  • Education Level: Middle
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,158
Property Tax -$392
Property Insurance -$103
HOA -$61
Property Management Fees -$99
CASH FLOW
-$464

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.

$585,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,524

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4123$2,4954$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8333 W Alyssa Lane Peoria, 1
    • 5 beds 5 baths ∙ 3,913 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,913 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.60
    •  
  • 8351 W Alyssa Lane Peoria, 2
    • 5 beds 5 baths ∙ 3,912 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,912 Sqft ∙ Built 2003
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,412
    • $0.62
    •  
  • 8984 W Plum Road Peoria, 3
    • 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.61
    •  
  • 7882 W Molly Drive Peoria, 4
    • 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,807 Sqft ∙ Built 2008
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.68
    •  
  • 8233 W Rock Springs Drive Peoria, 5
    • 4 beds 4 baths ∙ 3,859 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,859 Sqft ∙ Built 2013
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.67
    •  
PROPERTY LISTING DETAILS
Meredith Sparks
Mutual Property Advisors, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120020
Last Updated: 08/23/2020
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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