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9113 W Oraibi Drive Peoria, AZ 85382

2 Beds 3 Baths 2,106 sqft Built 1990

$360,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $170.94
  • 3 Days on Market
  • MLS # : 6163859
  • Updated Date : 11/27/2020 at 12:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Wonderful Westbrook Home! Lovingly Cared For Home-Pinnacle Peak model with Extended Master Bedroom and Extended Indoor Laundry. Two Bedroom. Two and a Half Baths. Double Door Entry with Large Foyer opens to the Generously Sized Living Room and Dining Room. Vaulted Ceilings and Triple Pane Glass Slider lend Plenty of Light. Open Concept Living in the Family Room and Kitchen. Enjoy the Sweet Fireplace while Preparing Meals and Visiting with Family. Charming Bay Window Kitchen Nook, Granite Counters, Kitchen Island, Roll Out Shelves, Pantry and Stainless Steel Refrigerator round out the space. Indoor Laundry room with Cabinets, Laundry Sink, Washer, Dryer and Upright Freezer Included! Extended Master Bedroom. Large Covered Patio. Newer AC 2015. Two Community Golf Courses, Pools, etc!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pineridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Neighborhood: Pineridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181793

* 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
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,328
Property Tax -$196
Property Insurance -$68
HOA -$5
Property Management Fees -$99
CASH FLOW
-$96

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.

$360,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,431

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
  • $1,627

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 9113 W Oraibi Drive Peoria, AZ 1
    • 2 beds 3 baths ∙ 2,106 Sqft ∙ Built 1990 2 beds 3 baths ∙ 2,106 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10122 W Willow Creek Circle Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 19826 N Concho Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 9202 W Behrend Drive Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 9760 W Kimberly Way Peoria, AZ 5
    • 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Deanna Markosian
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163859
Last Updated: 11/27/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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