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8556 W Andrea Drive Peoria, AZ 85383

5 Beds 3 Baths 2,520 sqft Built 2003

$410,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $162.70
  • 6 Days on Market
  • MLS # : 6156278
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,520 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

This gorgeous home is located in the highly desirable West Wing neighborhood, walking distance from the communities top rated school. This beautiful 5 bedroom, 3 bath home features granite kitchen counter tops, 42' upper cabinets with over sized floor tile in all the right areas, fully landscaped backyard. Owners purchased a brand new Water Softener in 2019. The exterior was painted July of 2020 . The community features Sonoran desert living, breathtaking desert/mountain views & great hiking trails nearby. Convenient to shopping, restaurants, West Wing Park & skate park along with the NEW 85 Acre Paloma community Park which boasts a stocked fishing pond, soccer fields, Dog park, Drone flying area and more!

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,513
Property Tax -$286
Property Insurance -$76
HOA -$21
Property Management Fees -$99
CASH FLOW
-$95

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.

$410,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,0504$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 8556 W Andrea Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 27336 N Higuera Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 26829 N 85th Drive Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 9044 W Quail Track Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 7997 W Rock Springs Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
PROPERTY LISTING DETAILS
William Goodman
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156278
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.

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