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9026 W Hatcher Road Peoria, AZ 85345

3 Beds 2 Baths 1,743 sqft Built 1985

$262,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $150.60
  • 6 Days on Market
  • MLS # : 6180130
  • Updated Date : 02/03/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

WELCOME HOME!! *Professional Photos coming soon* Located right off of the Loop 101, this home is within a few miles of the West Gate Entertainment District, Arizona Cardinals Stadium, shopping, dining and more! This home is a must see, offering 3 bedrooms, 2 bathrooms, a great kitchen, dining room and family room, and solar! No garage but the 3rd bedroom can easily convert back. Look no further, your new home awaits you! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westgreen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Westgreen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7801793

* 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
Raymond S. Kellis High School High Regular 1,928 75 4
Raymond S. Kellis High School High Unknown NA
Peoria High School High Regular 1,511 67 3

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating

Raymond S. Kellis High School

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

Peoria High School

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

$236,250$288,750$262,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$912
Property Tax -$143
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$195

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.

$262,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.2%
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

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,313

INVESTMENT

$75,313

Down Payment
$65,625
Rehab Estimate
$5,750
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$912

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,625
Loan Amount $196,875
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$34,574

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
  • $1,503

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4454$1,5505$1,645
$1,645
RENT COMPS ANALYSIS
  • 9026 W Hatcher Road Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8552 W Vogel Avenue Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1997
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 8610 W Monroe Street Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1987
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.82
    •  
  • 9238 N 85th Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 8564 W Sunnyslope Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jeremy Shain Eatherton
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180130
Last Updated: 02/03/2021
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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