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9257 W Tonto Lane Peoria, AZ 85382

2 Beds 2 Baths 1,836 sqft Built 1988

$374,250

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $203.84
  • 2 Days on Market
  • MLS # : 6178409
  • Updated Date : 01/16/2021 at 00:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This lightly used immaculate home will delight your buyers. Over $13,000 in yard enhancements alone! Best of all you don't have to cut this lawn. Top of the line synthetic lawn and heated spa. Major improvements COMPLETED IN 2015; Complete tile roof renovation, 30 year underlayment and 10 year transferable no leak & labor warranty from Buck Mountain Roofing. New kitchen cabinets, new granite counters, new tile flooring, new carpet in both bedrooms, fresh interior paint, new bathroom cabinets, new blinds.One year old washer, dryer and fridge all convey.Extra long garage has front and side storage cabinets.Your buyers will enjoy 2 rec centers, heated pools, pickleball, tennis courts, workout room, etc. Fabulous location, close to malls, shopping, restaurants and more golf courses

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadow Ridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k370k

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

Neighborhood: Shadow Ridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181853

* 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
 

$336,825$411,675$374,250

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,300
Property Tax -$203
Property Insurance -$63
HOA -$4
Property Management Fees -$99
CASH FLOW
$131

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.

$374,250

PROJECTED PRICE

$1,800

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$104,926

INVESTMENT

$104,926

Down Payment
$93,563
Rehab Estimate
$5,750
Closing Costs
$5,614

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,563
Loan Amount $280,688
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$35,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5753$1,6004$1,6455$1,800
$1,800
RENT COMPS ANALYSIS
  • 9257 W Tonto Lane Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 9202 W Behrend Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 9618 W Sierra Pinta Drive Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,747 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,747 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.90
    •  
  • 9214 W Topeka Drive Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1986
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 19747 N 92nd Avenue Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,684 Sqft ∙ Built 1993
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.98
    •  
PROPERTY LISTING DETAILS
Mark Loprino
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178409
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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