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

8642 W Via Montoya Drive Peoria, AZ 85383

4 Beds 2 Baths 2,457 sqft Built 1992

$585,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $238.10
  • 4 Days on Market
  • MLS # : 6175894
  • Updated Date : 12/31/2020 at 19:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,457 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Circular drive and curb appeal to impress the moment you arrive. Welcoming courtyard leads to the grand entry of the great room floor plan. Nearly 1/2 acre corner lot with privacy rarely obtainable and no HOA just pride of ownership in the area. Oversize 3 car side entry with additional storage. RV gate and parking with lots of toy parking space. Additional storage shed just completed. Open floor plan with upgraded kitchen, soaring ceilings, beautiful fireplace, newer paint in and out, 2019 roof, large secondary bedrooms with walk in closets. Master suite is spacious with ensuite featuring double vanity, separate bath/shower, walk in closet, easy exit to back yard. Resort like back yard with, extended covered patio, massive child safe fenced pool, above ground spa, separate storage

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Citrus Garden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k546k

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

Neighborhood: Citrus Garden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452708

* 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
Coyote Hills Elementary School Primary Regular 867 41 8
Coyote Hills Elementary School Middle Regular 867 41 8
Sunrise Mountain High School High Regular 1,675 72 7

Coyote Hills Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Coyote Hills Elementary School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,158
Property Tax -$509
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$611

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.

$585,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,9954$2,2005$2,230
$2,230
RENT COMPS ANALYSIS
  • 8642 W Via Montoya Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.91
    •  
  • 9147 W Albert Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
  • 9020 W Lone Cactus Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1998
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 8242 W Melinda Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 7894 W Salter Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ryan Buckley
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175894
Last Updated: 12/31/2020
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