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9136 W Scotland Avenue Peoria, AZ 85345

3 Beds 1 Baths 1,576 sqft Built 1958

$215,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $136.42
  • 5 Days on Market
  • MLS # : 6174176
  • Updated Date : 12/23/2020 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 1 full
Listing Agent

Heritage Success Realty Llc

Listing Agent's Description

No HOA! This move-in ready home sits on large lot, located close to US60 & 101 freeway. Workshop/ garage in back of home. New interior and exterior paint. Home has North/South exposure. Scotland Yard Park walking distance down the street w/ children's play area, basketball & tennis courts. Unique opportunity, wont last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mobile Town

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $68k289k

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

Neighborhood: Mobile Town

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6311793

* 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
Cheyenne Elementary School Primary Regular 709 37 5
Cheyenne Elementary School Middle Regular 709 37 5
Peoria High School High Regular 1,511 67 3

Cheyenne Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 37
5
GreatSchools Rating

Cheyenne Elementary School

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 37
5
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$793
Property Tax -$117
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$113

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.

$215,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$27,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,351

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,1953$1,3994$1,4005$1,425
$1,425
RENT COMPS ANALYSIS
  • 9136 W Scotland Avenue Peoria, AZ 1
    • 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.75
    •  
  • 11858 N Thunderbird Road Sun City, AZ 2
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
  • 8702 W Becker Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1972
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.82
    •  
  • 14201 N 103rd Avenue Sun City, AZ 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1970
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 12214 N Thunderbird Road Sun City, AZ 5
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1960
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
PROPERTY LISTING DETAILS
Timothy E. Risley
Heritage Success Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174176
Last Updated: 12/23/2020
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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