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8729 W Runion Drive Peoria, AZ 85382

4 Beds 3 Baths 3,050 sqft Built 2002

$545,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $178.69
  • 2 Days on Market
  • MLS # : 6161800
  • Updated Date : 11/20/2020 at 23:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Simply gorgeous home! From the stunning curb appeal, into the open & spacious entry where you are enveloped by the beauty of your surroundings. Continue to your right and walk through the office and towards the newly painted and carpeted LARGE master suite! Arcadia doors lead out to the resort patio and let's not forget the plantation shutters that are found throughout the house. In the east wing of the house you will find three bedrooms and a full bathroom. The backyard is an oasis of beauty and relaxation with an extended covered patio with a new custom awning that overlooks the pool, putting green, and paver patio area. But, it's not all about the beauty, let's talk about the brawn. There is a home energy management computer that compliments the new, energy efficient, OWNED SOLAR.

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
 

$490,500$599,500$545,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,011
Property Tax -$371
Property Insurance -$87
HOA -$80
Property Management Fees -$99
CASH FLOW
-$527

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.

$545,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.39%

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-$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$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,061

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
  • $2,364

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2004$2,3005$2,349
$2,349
RENT COMPS ANALYSIS
  • 8729 W Runion Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8627 W Irma Lane Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 7894 W Salter Drive Peoria, AZ 3
    • 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
    •  
  • 21672 N Geraldine Drive Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 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
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lois Campbell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161800
Last Updated: 11/20/2020
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.

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