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9553 W Donald Drive Peoria, AZ 85383

4 Beds 3 Baths 2,387 sqft Built 2018

$545,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $228.32
  • 5 Days on Market
  • MLS # : 6158931
  • Updated Date : 11/25/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,387 sqft
  • Baths : 2 full , 1 half
Listing Agent

Phoenix View Realty

Listing Agent's Description

This RV friendly show stopper is now for sale in the highly sought after Meadows community! This like new home boasts tons of natural light, formal living & dining room, 4 bed, 2.5 bath, a family room with built-in custom cabinetry adjacent to kitchen, and cozy loft with endless possibilities for entertainment. Immaculate kitchen offers staggered cabinets, stainless steel appliances, pantry, center island w/breakfast bar, and granite counters. Beautiful master bedroom includes its own master bath for added ease and convenience. Full master bath is comprised of walk-in closet to storage all your belongings, separate tub, step-in shower, and dual sinks. The backyard is everything you'll ever need with a custom outdoor kitchen, pristine sparkling pool w/water feature, fire woks,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $93k449k

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

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452237

* 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
Sunset Heights Elementary School Primary Unknown 831 37 NA
Liberty High School High Regular 2,141 93 6

Sunset Heights Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 37
NA
GreatSchools Rating

Liberty High School

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

$490,500$599,500$545,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$2,011
Property Tax -$326
Property Insurance -$74
HOA -$80
Property Management Fees -$99
CASH FLOW
-$549

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.

$545,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9993$2,0004$2,0405$2,050
$2,050
RENT COMPS ANALYSIS
  • 9553 W Donald Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.85
    •  
  • 9852 W Quail Avenue Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 21262 N 91st Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1999
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.91
    •  
  • 9881 W Melinda Lane Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 9983 W Los Gatos Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
Elizabeth Miller
Phoenix View Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158931
Last Updated: 11/25/2020
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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