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8559 W Palo Verde Avenue Peoria, AZ 85345

3 Beds 3 Baths 2,412 sqft Built 1999

$350,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $145.11
  • 4 Days on Market
  • MLS # : 6180396
  • Updated Date : 01/21/2021 at 17:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,412 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

As you walk in the door you are greeted by a beautiful accent wall and vaulted ceilings. The light and airy formal living room is adjacent to the dining room just off the kitchen. Once you reach the kitchen you are greet with designer touches abound while opening up to your second living space. Off the living area you will find a perfect den/office area with a half bath down the hall. Once upstairs you walk into your spacious loft with the master split from the other bedrooms. All rooms are generously sized. With plenty of flexible options.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairmont

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $92k289k

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

Neighborhood: Fairmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8211793

* 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
Alta Loma Elementary School Primary Regular 837 41 4
Alta Loma Elementary School Middle Regular 837 41 4
Raymond S. Kellis High School High Regular 1,928 75 4

Alta Loma Elementary School

  • Education Level: Primary
  • # of students: 837
  • # of teachers: 41
4
GreatSchools Rating

Alta Loma Elementary School

  • Education Level: Middle
  • # of students: 837
  • # of teachers: 41
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,216
Property Tax -$190
Property Insurance -$74
HOA -$40
Property Management Fees -$99
CASH FLOW
$51

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.

$350,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$1.2M

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 45% 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

6.33

YEARS SAVED

$25,603

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
  • $1,833

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6004$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 8559 W Palo Verde Avenue Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9636 N 93rd Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1998
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 9663 N 81st Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2004
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 8585 W Sierra Street Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 9559 N 84th Avenue Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2004
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Daniel A. Leclaire
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180396
Last Updated: 01/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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