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9132 W Albert Lane Peoria, AZ 85382

4 Beds 3 Baths 3,086 sqft Built 2000

$409,500

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $132.70
  • 6 Days on Market
  • MLS # : 6153195
  • Updated Date : 11/28/2020 at 09:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,086 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 4 Bedroom, 2.5 Bath, Two Story Home Located on Premium Corner Lot, Formal Living & Dining Room, Open Kitchen w/Kitchen Island & Breakfast Bar, Eat-In Kitchen Dining, Spacious Family Room, Downstairs Bonus Room Could be Used For Playroom/Den/Office/Theater Room, Upstairs Master Bedroom w/Walk-In Closet, Master Bathroom w/Separate Tub & Shower, 3 Additional Bedrooms & 1 Bath Upstairs, Covered Backyard Patio, Sparkling Play Pool, Professionally Landscaped Front & Backyard, 3 Car Garage, Come Check It Out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peoria Mountain Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Peoria Mountain Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Coyote Hills Elementary School Primary Regular 867 41 8
Coyote Hills Elementary School Middle Regular 867 41 8
Sunrise Mountain High School High Regular 1,675 72 7

Coyote Hills Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Coyote Hills Elementary School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 41
8
GreatSchools Rating

Sunrise Mountain High School

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

$368,550$450,450$409,500

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,511
Property Tax -$280
Property Insurance -$87
HOA -$45
Property Management Fees -$99
CASH FLOW
$128

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.

$409,500

PROJECTED PRICE

$2,150

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,268

INVESTMENT

$114,268

Down Payment
$102,375
Rehab Estimate
$5,750
Closing Costs
$6,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,375
Loan Amount $307,125
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$40,328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,392

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,3004$2,3495$2,395
$2,395
RENT COMPS ANALYSIS
  • 9132 W Albert Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
  • 8627 W Irma Lane Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 21672 N Geraldine Drive Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 8611 W Alex Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.77
    •  
  • 9950 W Via Del Sol -- Peoria, AZ 5
    • 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153195
Last Updated: 11/28/2020
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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