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9139 W Port Royale Lane Peoria, AZ 85381

4 Beds 2 Baths 1,984 sqft Built 1988

$325,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $163.81
  • 3 Days on Market
  • MLS # : 6160983
  • Updated Date : 11/21/2020 at 17:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

Amazing Home in a great location. 4 Bedrooms/ 2 Bathrooms and a Pool!! This home as all the right updates: Quartz Countertops in the kitchen, Stainless Steel Appliances, Wood look Tile Floors, Granite counters in the master bathroom with double sinks, Walk-in tiled Master Shower with Rainfall Shower head and 2nd shower head with body jets, New Roof in 2016, New Water Heater in 2020, Smart Thermostat and 5 New Anderson Windows 2020. The sparkling play pool is perfect place to host parties or relax near the water during the cooler weather. The RV gate is great for additional parking or keeping your low profile toys. This is a lake community with access to fishing and boating. Close to Rio Vista Community Center, P83 and the Peoria Sports Complex. Schedule your appointment today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Landings at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Landings at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101793

* 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
Desert Harbor Elementary School Primary Regular 753 41 8
Desert Harbor Elementary School Middle Regular 753 41 8
Centennial High School High Regular 2,096 85 6

Desert Harbor Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Desert Harbor Elementary School

  • Education Level: Middle
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,199
Property Tax -$221
Property Insurance -$66
HOA -$7
Property Management Fees -$99
CASH FLOW
-$92

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.

$325,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6754$1,6995$1,795
$1,795
RENT COMPS ANALYSIS
  • 9139 W Port Royale Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 8977 W Tierra Buena Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 8929 W Davis Road Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 9023 W Mauna Loa Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.82
    •  
  • 16106 N 90th Avenue Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Melissa Ellison
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160983
Last Updated: 11/21/2020
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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