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

8672 W Rose Garden Lane Peoria, AZ 85382

4 Beds 3 Baths 2,602 sqft Built 1998

$429,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $165.22
  • 3 Days on Market
  • MLS # : 6159636
  • Updated Date : 11/13/2020 at 14:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

New Flooring throughout! Wood-look tile downstairs, Wood stairs & carpet in all the right areas. NEW Bright and Beautiful Bathrooms with brand new flooring, tile, counters and seam-less glass shower. Enjoy new SAMSUNG appliances in kitchen w/ New cabinets, granite counters & matching backsplash, while overlooking your grassy back yard & extra privacy mature trees. Breakfast and family area that provides a bright, open space for everyday life. Floor-plan consists of open, formal living & dining area that provides a feeling of elegance and style. The 9'+ high, vaulted ceilings enhance its spacious look. The elegant master bedroom inspires relaxation with vaulted ceilings, and New master bathroom with separate shower and tub. Live in one of the most highly-rated school districts in Arizona.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverton

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k498k

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

Neighborhood: Silverton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452152

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,586
Property Tax -$293
Property Insurance -$78
HOA -$38
Property Management Fees -$99
CASH FLOW
-$74

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.

$429,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,335

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
  • $2,231

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9954$2,2505$2,350
$2,350
RENT COMPS ANALYSIS
  • 8672 W Rose Garden Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8641 W Adam Avenue Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1998
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 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
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 20968 N 80th Drive Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
    property image
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 20490 N 80th Avenue Peoria, AZ 5
    • 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Cory M Acton
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159636
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