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

8721 W Tonopah Drive Peoria, AZ 85382

3 Beds 2 Baths 2,702 sqft Built 2002

$495,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $183.20
  • 3 Days on Market
  • MLS # : 6209409
  • Updated Date : 03/19/2021 at 20:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,702 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This gorgeous home will delight any client. Open spacious floor plan, beautiful custom paint throughout. Large, neutral tile in entry way, family room, kitchen, hallways & baths. 4th Bedroom is actually a study with french doors that open to living room (no closet) . Kitchen has Big island with granite countertops and Pendant lighting. Stainless steel appliances. Master bedroom has updated flooring, new window and french door. Master bathroom has been remodeled with high level gray cabinets, granite and roll in shower with two showerheads. Backyard has extensive pavers as well as front walk way. Newer gate and Rv Gate. with extra slab area on side of house. Extended 3 car garage. Water heater replaced in 2015. One a/c replaced in 2016. Backs to Green Belt.

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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

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

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,719
Property Tax -$337
Property Insurance -$80
HOA -$77
Property Management Fees -$99
CASH FLOW
-$312

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.

$495,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.40%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,697

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
  • $2,121

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9954$2,2005$2,349
$2,349
RENT COMPS ANALYSIS
  • 8721 W Tonopah Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,702 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,702 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9464 W Mary Ann Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1999
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 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
    •  
  • 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
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 8611 W Alex Avenue Peoria, AZ 5
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
PROPERTY LISTING DETAILS
Mary Beth Cline
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209409
Last Updated: 03/19/2021
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.

BESbswy