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9038 W Bajada Road Peoria, AZ 85383

4 Beds 3 Baths 2,643 sqft Built 2005

$475,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $179.72
  • 3 Days on Market
  • MLS # : 6201780
  • Updated Date : 03/06/2021 at 19:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,643 sqft
  • Baths : 3 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

This highly sought after Hummingbird model is now available.This single level, 2,643 S.F. home includes 4 bedroom,3 baths,3 CG, single level home also comes with a gas fireplace in the great room and bay window in the eat in breakfast room. This beautiful home sits on an 8,568 S.F. lot in the great community of Westwing. Come and enjoy the mountain views,miles of trails and neighborhood greenbelts created for your enjoyment. This home is located very close to the community park and Westwing elementary K-8, an A plus rated school. Plenty of shopping and restaurants nearby along with the new Paloma Park that is just outside the Westwing community. Dog parks, Child's play area along with a lake to fish may be all you need. Lake Pleasant is approx 12-15 minutes away. Easy access to the 30

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k436k

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

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452176

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,650
Property Tax -$336
Property Insurance -$79
HOA -$7
Property Management Fees -$99
CASH FLOW
-$140

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.

$475,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,0304$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 9038 W Bajada Road Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.77
    •  
  • 27336 N Higuera Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 8678 W Bajada Road Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2003
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 9044 W Quail Track Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 27652 N 89th Lane Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
James Riley
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201780
Last Updated: 03/06/2021
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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