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8446 W Rue De Lamour Avenue Peoria, AZ 85381

3 Beds 2 Baths 1,656 sqft Built 1998

$350,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $211.35
  • 7 Days on Market
  • MLS # : 6177361
  • Updated Date : 01/15/2021 at 21:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

American Realty Brokers

Listing Agent's Description

You don't want to miss seeing this beautiful 3 bedroom, 2 full bath home located just minutes from the entertainment district of P83! Walk in the front door to a bright and airy living room and dining room combo that includes a lovely bay window that looks out to the front yard. Follow the hallway into the open concept kitchen and family room where you will make many memories with your family enjoying the open space as well as the views of the backyard. The master bedroom boasts of French doors that open up into the backyard. The home is beautifully painted a neutral color as well as accent colors on the plant niches and spaces. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palo Verde

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Palo Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Sky View Elementary School Primary Regular 469 30 5
Sky View Elementary School Middle Regular 469 30 5
Peoria High School High Regular 1,511 67 3

Sky View Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Sky View Elementary School

  • Education Level: Middle
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Peoria High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,216
Property Tax -$190
Property Insurance -$59
HOA -$37
Property Management Fees -$99
CASH FLOW
-$31

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.

$350,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,289

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
  • $1,573

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4253$1,5354$1,5995$1,695
$1,695
RENT COMPS ANALYSIS
  • 8446 W Rue De Lamour Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12970 N 87th Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
  • 8749 W Pershing Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.95
    •  
  • 13405 N 87th Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.98
    •  
  • 8444 W Shaw Butte Drive Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
PROPERTY LISTING DETAILS
Reena Anoid
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177361
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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