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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $167.40
- 3 Days on Market
- MLS # : 6173625
- Updated Date : 01/16/2021 at 17:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,822 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Pride of ownership! Come see this gorgeous, well cared for clean, 3 bed 2ba home on oversized lot. Featuring updated kitchen, bathrooms, real hardwood flooring & carpet in all the right places. Beautiful backyard great for entertaining, with huge covered patio, lush, mature plants and artificial grass. RV gate and an extra parking slab give space for all your toys! The floor plan features large bedrooms and master suite with walk-in closet. Tons of storage, professional front and backyard landscaping. Community park nearby. NO HOA. This won't last long!
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PRICE & RENT TRENDS
Neighborhood: Cedarbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cedarbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$166 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$203
|
||
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.
$305,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
9.25
YEARS SAVED
$38,688
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,599
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9142 N 84th Drive Peoria, AZ 3
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,590
- $0.87
-
9681 N 82nd Lane Peoria, AZ 1
- 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2004
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
9238 N 85th Drive Peoria, AZ 2
- 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1998
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
8379 W Palo Verde Avenue Peoria, AZ 4
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2003
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
-
8564 W Sunnyslope Lane Peoria, AZ 5
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,645
- $0.85
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173625
Last Updated: 01/16/2021
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.
