Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9186 W Michelle Drive Peoria, AZ 85382

4 Beds 2 Baths 1,707 sqft Built 1996

$315,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $184.53
  • 5 Days on Market
  • MLS # : 6156173
  • Updated Date : 11/06/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Phoenix Property Group

Listing Agent's Description

Move in ready 4 bedroom, 2 bath great room floorplan home in Brookside Village. NO HOA in this community! The garage has been professionally converted to a 20 by 20 4th bedroom. This home has brand new carpet, newer tile, fresh paint and vaulted ceilings throughout. Kitchen features freshly refinished white cabinets, newer stainless steel cabinets, island and eat-in kitchen area. Master suite has a spacious walk in closet, a full master bath with dual sinks. Backyard is fully landscaped with grass, covered patio, and a storage shed. Don't miss this opportunity, show and sell!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Brookside Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Brookside Village

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,162
Property Tax -$214
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$66

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.

$315,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5003$1,5004$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 9186 W Michelle Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.86
    •  
  • 8927 W John Cabot Road Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 17730 N 91st Lane Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1995
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 8959 W Alda Way Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 8903 W Alda Way Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
John Poyner
Phoenix Property Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156173
Last Updated: 11/06/2020
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.

BESbswy