Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8521 W Corrine Drive Peoria, AZ 85381

2 Beds 2 Baths 924 sqft Built 1985

$249,900

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $270.45
  • 3 Days on Market
  • MLS # : 6159709
  • Updated Date : 11/13/2020 at 05:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 924 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

NO HOA and lots of room for your RV. This 2 bedroom and 2 bath home is move in ready and has a huge yard with lots of room to add on or add a pool and still keep your RV behind the RV gate. The home has new dual pane windows, newer wood looking flooring in the kitchen and family room. All the appliances are included as well. There is also a large 2 car garage in a great neighborhood. This home is a must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cobblestone Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $89k289k

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

Neighborhood: Cobblestone Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331793

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$922
Property Tax -$136
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$192

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.

$249,900

PROJECTED PRICE

$1,010

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $880

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,010
1$1,0102$1,0753$1,0954$1,1005$1,125
$1,125
RENT COMPS ANALYSIS
  • 8521 W Corrine Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 924 Sqft ∙ Built 1985 2 beds 2 baths ∙ 924 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $1.09
    •  
  • 9810 W Forrester Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.93
    •  
  • 11275 N 99th Avenue #99 Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,153 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,153 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.95
    •  
  • 13625 N 98th Avenue #a Sun City, AZ 4
    • 2 beds 1 baths ∙ 1,141 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,141 Sqft ∙ Built 1972
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 12407 N Cantata Court Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.97
    •  
PROPERTY LISTING DETAILS
Leonard Behie
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159709
Last Updated: 11/13/2020
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.

BESbswy