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9167 W Boca Raton Road Peoria, AZ 85381

3 Beds 3 Baths 1,641 sqft Built 1996

$320,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $195.00
  • 4 Days on Market
  • MLS # : 6166967
  • Updated Date : 12/03/2020 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Nice curb appeal for this lovely 3 bed, 2.5 bath two story, that is located in the Desert Harbor Lakes Community. Soaring ceilings, soft color palette and beautiful wood floors. Formal living & dining. Open concept for the kitchen, dining and family room. The eat-in kitchen has oak cabinets, beautiful granite counters, glass tile backsplash, SS appliances, breakfast bar and a pantry. Powder room downstairs. Interior laundry. The master has two closets and a full bath. The backyard has a covered patio and an inviting play pool! Close to schools, medical, Arrowhead shopping & dining and the loop 101. Make this your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villas at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $94k289k

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

Neighborhood: Villas at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8051793

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,181
Property Tax -$217
Property Insurance -$59
HOA -$11
Property Management Fees -$99
CASH FLOW
-$167

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.

$320,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.44%

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

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5354$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 9167 W Boca Raton Road Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 12970 N 87th Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
  • 8749 W Pershing Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.95
    •  
  • 8637 W Aster Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1995
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 9158 W Hearn Road Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1988
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Artine Tokmajian
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166967
Last Updated: 12/03/2020
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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