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8968 W Adam Avenue Peoria, AZ 85382

4 Beds 2 Baths 2,125 sqft Built 1999

$415,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $195.29
  • 4 Days on Market
  • MLS # : 6195667
  • Updated Date : 02/19/2021 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

LOCATION LOCATION LOCATION plus a GREAT FLOOR PLAN in the very popular Deer Village community, around the corner from the park, and WAKING DISTANCE to Coyote Hills Elementary, Sunrise Mountain High School, and Sunrise Pool!!! Of course all the other great school options within a 5-10 minute drive: Sunset Heights Elem., Liberty HS, and the highly rated Candeo, Basis, and Great Hearts charter schools. 4 bedrooms 2 bath 2 car garage POOL PLUS a bonus room that we all need these days OFFICE or GYM :) High ceilings throughout, recent exterior paint, with formal living, family room, open kitchen with breakfast bar, and ceiling fans throughout. Get it before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Deer Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

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

Sunrise Mountain High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,441
Property Tax -$282
Property Insurance -$69
HOA -$40
Property Management Fees -$99
CASH FLOW
-$121

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.

$415,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8103$1,9504$1,9995$2,100
$2,100
RENT COMPS ANALYSIS
  • 8968 W Adam Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.85
    •  
  • 8780 W Melinda Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2001
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 20870 N 91st Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 21262 N 91st Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.91
    •  
  • 8907 W Quail Avenue Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1999
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Robert Tolnai
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195667
Last Updated: 02/19/2021
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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