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8754 W Port Royale Lane Peoria, AZ 85381

3 Beds 2 Baths 1,874 sqft Built 1998

$459,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $244.93
  • 6 Days on Market
  • MLS # : 6153532
  • Updated Date : 10/30/2020 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Superlative Realty

Listing Agent's Description

Gorgeous 3-bedroom Single Level Waterfront home in the Peoria community of Spinnaker Cove, located next to one of the nicest 46-acre freshwater lakes in the NW Valley. Just imagine looking at this beautiful lake view while enjoying your morning coffee every day. Move in ready with new painted interior and exterior. Plenty of natural lighting. Spacious open floor plan, formal living and dining with vaulted ceilings, gorgeous laminate, and tile flooring. Master Suite features plantation shutters, spacious walk-in closet with beautiful custom-made shelves. Large master bath includes separate tub & shower, double sinks, and private toilet room with window. Eat in kitchen with bay windows and breakfast nook. Nice LG kitchen appliances. Desert landscaping, Low maintenance with private boat dock

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spinnaker Cove at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k426k

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

Neighborhood: Spinnaker Cove at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452151

* 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
Desert Harbor Elementary School Primary Regular 753 41 8
Desert Harbor Elementary School Middle Regular 753 41 8
Centennial High School High Regular 2,096 85 6

Desert Harbor Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Desert Harbor Elementary School

  • Education Level: Middle
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,694
Property Tax -$312
Property Insurance -$64
HOA -$5
Property Management Fees -$99
CASH FLOW
-$453

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.

$459,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5954$1,6505$1,720
$1,720
RENT COMPS ANALYSIS
  • 8754 W Port Royale Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 14915 N 86th Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1994
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 14547 N 87th Avenue Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 14565 N 90th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 8977 W Tierra Buena Lane Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Linda Wei
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153532
Last Updated: 10/30/2020
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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