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9137 W Irma Lane Peoria, AZ 85382

4 Beds 3 Baths 2,403 sqft Built 2001

$449,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $186.85
  • 2 Days on Market
  • MLS # : 6165498
  • Updated Date : 11/28/2020 at 02:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,403 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This rare two story with modern touches in the beloved community of Dove Valley Ranch is a must see. Its roaring 21 foot ceilings captivate all who enter as the double rows of windows light up the entire space. Open concept floorplan with Brand New kitchen remodel completed in 2019 complete with beautiful two tone quartz countertops, double oven, gas range, and all stainless steel appliances. Brand new carpets throughout most of the home 2020. Master Suite downstairs, all three other bedrooms upstairs. Expansive covered and uncovered patio, plenty of room for entertaining. Large corner lot steps from mailbox.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dove Valley Ranch

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,657
Property Tax -$309
Property Insurance -$74
HOA -$45
Property Management Fees -$99
CASH FLOW
-$444

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.

$449,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,892

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7253$1,7404$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 9137 W Irma Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.72
    •  
  • 9147 W Albert Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
  • 9754 W Runion Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 9464 W Mary Ann Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1999
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 20870 N 91st Drive Peoria, AZ 5
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
PROPERTY LISTING DETAILS
Matthew Hopkins
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165498
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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