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9042 W Banff Lane Peoria, AZ 85381

3 Beds 3 Baths 1,637 sqft Built 1991

$345,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $210.75
  • 4 Days on Market
  • MLS # : 6189553
  • Updated Date : 02/04/2021 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,637 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Upgrades, gated lake community, huge upstairs loft, PULL OVER WE HAVE FOUND HOME SWEET HOME! This beautiful home is located in the highly desired Horseshoe Bay area of Desert Harbor with quick access to the Loop 101, Arrowhead Mall, and lots of shopping and restaurants. This home features an open floor plan with a large private upstairs loft area perfect for entertaining or home office. Don't miss out on the perfect home for you and your family, call today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Horseshoe Bay

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k330k

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

Neighborhood: Horseshoe Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181813

* 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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating

Centennial High School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,198
Property Tax -$234
Property Insurance -$59
HOA -$160
Property Management Fees -$99
CASH FLOW
-$181

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.

$345,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,739

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
  • $1,445

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,4004$1,5005$1,700
$1,700
RENT COMPS ANALYSIS
  • 9042 W Banff Lane Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9232 W Indian Hills Drive Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1971
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 15251 N 90th Avenue Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1988
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 14547 N 87th Avenue Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 9158 W Hearn Road Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1988
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Emmanuel Warda
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189553
Last Updated: 02/04/2021
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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