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8813 N 67th Drive Peoria, AZ 85345

4 Beds 3 Baths 2,424 sqft Built 2002

$359,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $148.47
  • 5 Days on Market
  • MLS # : 6154250
  • Updated Date : 11/01/2020 at 14:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

HUGE custom shop in the backyard with its own bathroom! Perfect for the car enthusiasts or someone looking to convert it into a mother-in-law-suite. This beautiful 4 bedroom home is situated on a large cul-de-sac lot. It offers an open concept kitchen with stainless appliances and granite countertops. Custom interior paint. and upgraded lighting. Spacious master suite with separate shower and tub, sitting vanity and large walk-in closet overlooking backyard and sparkling pool/spa. Wonderful Ramada with built in BBQ, ceiling fan and separate seating area. RV gate that leads to more slab parking & grassy backyard for play! This home is move-in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Golden Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
Sunset Vista School Primary Regular 949 50 3
Sunset Vista School Middle Regular 949 50 3
Glendale High School High Regular 1,719 75 4

Sunset Vista School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 50
3
GreatSchools Rating

Sunset Vista School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 50
3
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,328
Property Tax -$217
Property Insurance -$74
HOA -$52
Property Management Fees -$99
CASH FLOW
-$240

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.

$359,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,953

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
  • $1,612

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4754$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 8813 N 67th Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6479 W Freeway Lane Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 2006
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 6458 W Freeway Lane Glendale, AZ 3
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 2006
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.67
    •  
  • 8505 N 64th Lane Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2006
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 6456 W Orchid Lane Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2005
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
PROPERTY LISTING DETAILS
Bruno Arapovic
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154250
Last Updated: 11/01/2020
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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