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8359 N 87th Drive Peoria, AZ 85345

4 Beds 2 Baths 2,057 sqft Built 1999

$335,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $162.86
  • 6 Days on Market
  • MLS # : 6159742
  • Updated Date : 11/21/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,057 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

A rare HOA that allows RV PARKING! One owner home with impeccable pride of ownership. Recently remodeled with woodlike 8'' plank tile throughout, custom granite countertops in kitchen and bath areas. Is currently set up as a 3 bedroom with den but could easily be converted back into a 4 bedroom, new black stainless steel kitchen appliances, new deep basin sink with high end faucet. New custom interior paint. Newer exterior paint. New lighting and fan fixtures throughout. Vaulted ceilings with open living areas. Bay windows in the kitchen and master bedroom areas. Large lot with 115 ft X 12Ft concrete pad to park all of your toys. New AC unit in 2017

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summersett Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Summersett Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8151793

* 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
Cotton Boll Elementary School Primary Regular 962 45 4
Cotton Boll Elementary School Middle Regular 962 45 4
Raymond S. Kellis High School High Regular 1,928 75 4

Cotton Boll Elementary School

  • Education Level: Primary
  • # of students: 962
  • # of teachers: 45
4
GreatSchools Rating

Cotton Boll Elementary School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 45
4
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

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,236
Property Tax -$182
Property Insurance -$67
HOA -$37
Property Management Fees -$99
CASH FLOW
-$81

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.

$335,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% 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

4.42

YEARS SAVED

$16,813

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
  • $1,620

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,5954$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 8359 N 87th Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8995 W Townley Avenue Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2018
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.80
    •  
  • 8780 W Augusta Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 8564 W Sunnyslope Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.85
    •  
  • 8782 W Hayward Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
PROPERTY LISTING DETAILS
June Palmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159742
Last Updated: 11/21/2020
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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