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8729 W Potter Drive Peoria, AZ 85382

5 Beds 2 Baths 2,423 sqft Built 1999

$479,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $198.06
  • 3 Days on Market
  • MLS # : 6196334
  • Updated Date : 02/20/2021 at 15:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,423 sqft
  • Baths : 2 full
Listing Agent

Arizona Gateway Real Estate

Listing Agent's Description

Beautifully renovated 5 bdrm / 2 bath home on 1/4 acre lot in Silverton II! You will be impressed the moment you drive up to this single-level home on an over-sized corner lot...no detail has been missed. You will notice the ''wow factor'' as soon as you walk in the front door! Top of the line wide plank luxury vinyl flooring w/ 40 mil wear layer, large open kitchen, massive kitchen island, high-end quartz counters, stainless appliances, pantry, & upgraded cabinets. The large mstr bdrm has a huge mstr bath with free-standing soaker tub & large shower, as well as a generous walk-in closet. The backyard oasis is professionally landscaped & includes large entertaining deck in addition to the extensive covered patio and outdoor storage shed. Close to freeways, parks, shopping & great schools!

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
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,667
Property Tax -$327
Property Insurance -$74
HOA -$77
Property Management Fees -$99
CASH FLOW
-$84

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.

$479,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

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$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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9003$2,1004$2,1605$2,300
$2,300
RENT COMPS ANALYSIS
  • 8729 W Potter Drive Peoria, AZ 4
    • 5 beds 2 baths ∙ 2,423 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,423 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.89
    •  
  • 20958 N 81st Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 8378 W Pontiac Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 8907 W Quail Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 7931 W Rose Garden Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kerry Jackson
Arizona Gateway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196334
Last Updated: 02/20/2021
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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