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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $228.01
- 6 Days on Market
- MLS # : 6164244
- Updated Date : 11/25/2020 at 09:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,171 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
This home is to die for! It's on a large cul-de-sac lot with plenty of room to spread out. You'll be able to sit out on your extended patio area, and enjoy your morning cup of coffee as you prepare for your day. The home boasts high end Amish built cabinets, beautiful floors, and plantation shutters throughout the home.. It's close to shopping and dining in the Arrowhead area of Peoria. This home has been meticulously cared for, with personal touches of class in all the right spots. You'll want to see it soon, because this one simply won't last.
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PRICE & RENT TRENDS
Neighborhood: Torrey Pines at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Torrey Pines at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$269 | |
| Property Insurance | -$70 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$358
|
||
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.
$495,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
2.33
YEARS SAVED
$9,542
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,965
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
8362 W Morrow Drive Peoria, AZ 5
- 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,910
- $0.88
-
8903 W Alda Way Peoria, AZ 1
- 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
8338 W Morningside Drive Peoria, AZ 2
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1994
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
7983 W Tonopah Drive Peoria, AZ 3
- 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
8378 W Pontiac Drive Peoria, AZ 4
- 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164244
Last Updated: 11/25/2020
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.
