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9240 W Happy Valley Road Peoria, AZ 85383

4 Beds 4 Baths 2,319 sqft Built 1997

$649,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $279.86
  • 2 Days on Market
  • MLS # : 6187785
  • Updated Date : 01/30/2021 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,319 sqft
  • Baths : 3 full , 1 half
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Mid size home has that mansion feel. Hard to find 1.25ac. Plantation shutters throughout. Central vac. Large open great room. Walk out to large covered patio and pool oasis with grotto water feature and palms galore. Above ground spa in secluded private back yard. Complete privacy block wall fencing surrounding back yard. Side courtyard with raised garden beds surrounding perimeter. Big back yard lined with pine trees. Two horse stalls w automatic waterer. RV carport and 30x40 detached garage/workshop with 220v lighting, half bath. Could be turned into guest house. No HOA. Home sits 1/2 block from Sunrise Mountain Preserve with gorgeous views from covered patio. Close to Super Park for community. Great shopping and eateries 1 mile from home and 15 minutes to Lake Pleasant.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Mesquite

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452293

* 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
Liberty High School High Regular 2,141 93 6
Sunrise Mountain High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,254
Property Tax -$354
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$419

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.

$649,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,313

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1954$2,3605$2,850
$2,850
RENT COMPS ANALYSIS
  • 9240 W Happy Valley Road Peoria, AZ 4
    • 4 beds 4 baths ∙ 2,319 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,319 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.02
    •  
  • 26910 N 84th Avenue Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2003
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 9137 W Camino De Oro -- Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 26449 N 84th Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 2003
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 8468 W Maya Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2003
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jared A English
Congress Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187785
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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