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9511 W Menadota Drive Peoria, AZ 85382

2 Beds 2 Baths 2,147 sqft Built 1989

INVESTimate

$339,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$359,001  ( +5.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $157.89
  • 1 Days on Market
  • MLS # : 6122627
  • Updated Date : 08/25/2020 at 22:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

FABULOUS opportunity to update this spacious Westbrook Village Santa Barbara model on a premium golf course lot w/amazing views, sunsets & low maintenance landscaping. HUGE 10,500+ lot. Upon entering this 2147 square foot home you will see a formal living room to the right and formal dining room to the left. This takes you to the large family room with a wet bar, into the kitchen w/corian tops, featuring an eat in breakfast nook and bay window where you can have your morning coffee with incredible views of the golf course. Master bedroom has a separate exit to the very large covered patio that provides a tremendous amount of shade. Master bath has a separate shower and garden tub/window. Huge walk-in closet with custom shelving. 2nd bedroom is generously sized. Shutters throughout

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Estates at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Neighborhood: Mountain Park Estates at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181793

* 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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,251
Property Tax -$214
Property Insurance -$69
HOA -$54
Property Management Fees -$99
CASH FLOW
-$36

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.

$339,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.90%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4504$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 9511 W Menadota Drive Peoria, 1
    • 2 beds 2 baths ∙ 2,147 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,147 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10122 W Willow Creek Circle Sun City, 2
    • 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,827 Sqft ∙ Built 1977
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 9459 W Behrend Drive Peoria, 3
    • 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1986
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 9202 W Behrend Drive Peoria, 4
    • 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,836 Sqft ∙ Built 1989
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 9760 W Kimberly Way Peoria, 5
    • 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984 2 beds 3 baths ∙ 2,056 Sqft ∙ Built 1984
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Francia A Dennis
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122627
Last Updated: 08/25/2020
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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