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8889 W Cameron Drive Peoria, AZ 85345

4 Beds 3 Baths 1,998 sqft Built 2016

$349,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $175.13
  • 2 Days on Market
  • MLS # : 6191312
  • Updated Date : 02/14/2021 at 03:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,998 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Must see beautiful 2016 built 4 bedroom, plus downstairs office, 2.5 bath home in desired neighborhood near Grand Avenue and 101 access. Upgraded kitchen cabinets with island kitchen. Upgraded tiles downstairs with ceiling fan in living room. Double sinks in master and common full bathroom. Spacious 2 car garage with remote opener. Indoor sprinkler system, ADT alarm, and outdoor fire alarm... imagine the insurance savings. Backyard has pavers linked through side-gate that go to the front of home for hassle-free garbage/recycle collection.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grand Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Grand Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8291793

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,215
Property Tax -$231
Property Insurance -$66
HOA -$57
Property Management Fees -$99
CASH FLOW
$11

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.

$349,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5853$1,6504$1,6805$1,695
$1,695
RENT COMPS ANALYSIS
  • 8889 W Cameron Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.84
    •  
  • 8641 W Laurel Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 12160 N 83rd Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.87
    •  
  • 8916 W Paradise Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 11972 N 85th Avenue Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
William A Mejia
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191312
Last Updated: 02/14/2021
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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