Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8938 W Utopia Road Peoria, AZ 85382

2 Beds 2 Baths 1,574 sqft Built 1992

$300,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $190.60
  • 3 Days on Market
  • MLS # : 6156535
  • Updated Date : 11/06/2020 at 18:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to Westbrook Village! This well maintained, freshly painted single level home provides the perfect retirement destination! This spacious 1,574sf 2 bedroom, 2 bathroom floorplan boasts a large additional den, beautiful tile flooring, shutters throughout, a gas fireplace & a gorgeous updated kitchen with built-in wine refrigerator. Share a glass of your favorite beverage with friends in your low-maintenance backyard after a day on the golf course & enjoy the benefits of leased solar panels to help keep down those electric bills year round leaving you with more time & money for leisurely activities. Westbrook Village Active Adult Community offers two recreation centers, multiple pools, spas, activities & two 18- hole golf courses. Don't miss your chance to own a piece of paradise!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: St. Andrews Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k355k

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

Neighborhood: St. Andrews Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181954

* 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
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,107
Property Tax -$163
Property Insurance -$58
HOA -$5
Property Management Fees -$99
CASH FLOW
$89

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.

$300,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$32,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5203$1,5954$1,6005$1,645
$1,645
RENT COMPS ANALYSIS
  • 8938 W Utopia Road Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,574 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,574 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.97
    •  
  • 9127 W Menadota Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1994
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 9145 W Chino Drive Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1993
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 9214 W Topeka Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 19747 N 92nd Avenue Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.98
    •  
PROPERTY LISTING DETAILS
Mindy Jones Nevarez
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156535
Last Updated: 11/06/2020
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.

BESbswy