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9056 W Molly Lane Peoria, AZ 85383

3 Beds 2 Baths 1,934 sqft Built 2006

$440,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $227.51
  • 3 Days on Market
  • MLS # : 6206590
  • Updated Date : 03/12/2021 at 21:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Move in to this perfectly well kept 3Bed/2bath home with Den in highly sought after West Wing Mountain!! 3 Car garage, Corner lot, North/South Facing, sparkling blue pool, hot tub built in BBQ. Low maintenance yard make this home MOVE IN ready! Amazing location and neighborhood. Bike to nearby coffee shop or Peoria's newest Paloma Park. Hiking trails and mountain views all around! Minutes to the new Loop 303, Lake Pleasant, shopping, dinning, gyms schools and more!

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
 

$396,000$484,000$440,000

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 -$1,528
Property Tax -$311
Property Insurance -$65
HOA -$21
Property Management Fees -$99
CASH FLOW
-$214

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.

$440,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$9,618

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
  • $1,852

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9004$1,9995$2,000
$2,000
RENT COMPS ANALYSIS
  • 9056 W Molly Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26807 N 84th Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 26910 N 84th Avenue Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 8551 W Andrea Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 2003
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.05
    •  
  • 9228 W Black Hill Road Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2007
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Fred P Weaver Iv
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206590
Last Updated: 03/12/2021
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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