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8817 W Wethersfield Road Peoria, AZ 85381

5 Beds 3 Baths 3,026 sqft Built 1995

$420,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Cactus Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10182003

* 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
Peoria High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,411

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$2,4954$2,499
$2,499
RENT COMPS ANALYSIS
  • 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
Lisa Glomski
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191818
Last Updated: 02/12/2021
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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