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9156 W Coolbrook Avenue Peoria, AZ 85382

3 Beds 3 Baths 1,883 sqft Built 2014

INVESTimate

$339,900

List Price

$1,600

$1,440 - $1,760

Rent Est.

$354,108  ( +4.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $180.51
  • 2 Days on Market
  • MLS # : 6119313
  • Updated Date : 08/25/2020 at 12:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,883 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Immaculate Home, like new 2 story, 3 bed 2.5 bath home. This home has privacy on the end of the street. It is right across from the pool with all the benefits of a pool without the headache. Upgraded with all stainless steel appliances, soft closing drawers, cooking on a gas range and a very low maintenance back yard. Cozy up on the couch in the open living room downstairs or enjoy the huge loft upstairs! Convenient Upstairs laundry! This home works great as a winter home and makes great money with Air b&b in the summer months. Extra storage space in the 2.5 car garage! Schedule a showing today!

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PRICE & RENT TRENDS

Neighborhood: Travata

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Travata

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,254
Property Tax -$216
Property Insurance -$64
HOA -$105
Property Management Fees -$99
CASH FLOW
-$138

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.

$339,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.18%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6004$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 9156 W Coolbrook Avenue Peoria, 3
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 9160 W Meadow Drive Peoria, 1
    • 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 2007
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 9210 W Coolbrook Avenue Peoria, 2
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 2014
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 9243 W Athens Street Peoria, 4
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1995
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 9158 W Coolbrook Avenue Peoria, 5
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 2014
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jayson Linford
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119313
Last Updated: 08/25/2020
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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