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

9463 W Purdue Avenue Peoria, AZ 85345

3 Beds 2 Baths 1,797 sqft Built 1998

$380,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $211.46
  • 3 Days on Market
  • MLS # : 6160277
  • Updated Date : 11/13/2020 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,797 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Owner Agent. Welcome home! Nestled in the center of the CUL-DE-SAC you will find this beautifully appointed 3BD + Den/Loft, 2BA, 1 story home on over a 12,000 SQFT Lot with RV gate and pebble tec pool. The home exudes pride in ownership throughout. The home is an entertainers dream with a modern open floor plan, hardwood floors throughout, plantation shutters, upgraded fixtures and upgrades throughout the home. As you walk in you will immediately see the open floor plan and the spacious den with build-in cabinets serving as an office, playroom or extra room. Next, the kitchen is located right in the heart of the home giving you straight line of sight from kitchen to the professionally landscaped yard. The master suite is spacious serving as a perfect adult retreat with a custom tile shower

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springer Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $89k289k

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

Neighborhood: Springer Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7981793

* 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
Sun Valley Elementary School Primary Alternative 945 43 5
Sun Valley Elementary School Middle Alternative 945 43 5
Raymond S. Kellis High School High Regular 1,928 75 4

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 43
5
GreatSchools Rating

Sun Valley Elementary School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 43
5
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,402
Property Tax -$207
Property Insurance -$62
HOA -$39
Property Management Fees -$99
CASH FLOW
-$389

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.

$380,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4953$1,4994$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 9463 W Purdue Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.79
    •  
  • 9716 W Sunnyslope Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1998
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 8833 W Townley Avenue Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1988
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.91
    •  
  • 9424 N 97th Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1998
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 9514 W Sunnyslope Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1997
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Daniel Cisneros
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160277
Last Updated: 11/13/2020
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