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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $138.80
- 3 Days on Market
- MLS # : 6191818
- Updated Date : 02/12/2021 at 18:48
CONSTRUCTION
- Beds : 5
- Floor Size : 3,026 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
NO HOA!! 5BR, 3BA all in the active city of Peoria! You won't want to miss out on this immaculate tri-level Peoria home with an enormous eat in kitchen, tons of kitchen cabinet space, beautifully done granite counter tops and stainless steal appliances. The large master suite boasts lush carpeting and a newly tiled full spa bathroom with dual vanity sinks and a giant master closet. Gorgeous gas stone fireplace greets you downstairs along with 2 bedrooms and 3/4 bathroom. Large 3 car garage has built in cabinetry. Lastly, you MUST come and see this elegant vogue styled backyard with built in seating by the fireplace, built in BBQ, desert landscaping, and glimmering pool! Come quick, this home is likely to go fast!!! Open House Saturday 10AM-3PM!
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PRICE & RENT TRENDS
Neighborhood: Cactus Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cactus Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$228 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$398
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$420,000
PROJECTED PRICE
$2,270
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
10.58
YEARS SAVED
$67,080
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,411
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
8817 W Wethersfield Road Peoria, AZ 1
- 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8548 W Brown Street Peoria, AZ 2
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.62
-
8214 W Acoma Drive Peoria, AZ 3
- 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,495
- $0.90
-
8642 W Malapai Drive Peoria, AZ 4
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2004
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,499
- $0.87
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191818
Last Updated: 02/12/2021
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.
