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9554 W Albert Lane Peoria, AZ 85382

5 Beds 3 Baths 2,950 sqft Built 2008

$525,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $177.97
  • 5 Days on Market
  • MLS # : 6155901
  • Updated Date : 11/05/2020 at 10:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,950 sqft
  • Baths : 3 full
Listing Agent

Home America Realty

Listing Agent's Description

Lifestyle is Included with this beautiful 5 bedroom + Loft Family Home. Interior Upgrades include Plantation Shutters throughout, New Dual Air Conditioning Systems, the Kitchen features Stainless Appliances, large pantry, & Island overlooking Family Room. Seperate Formal Living & Formal Dining & Laundry Rooms, Washer/Dryer/Refrigerator included, Downstairs Bedroom w/ Full Bathroom. Upstairs has a Large Master Suite w/ huge Walk-in closet, Loft/Game Room + 3 more bedrooms. Beautiful upgraded wood/wrought Iron Bannister overlooks the Family Room. Exterior upgrades include a Fenced Sparkling Pebble Tech Swimming Pool w/ Water Feature & Baja Bubbler, Desert Landscaping, 3 Car Epoxy Garage w/ Overhead Storage, & 4 car slab additional parking & Covered Patio. Location Location Location.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camino Lago South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k363k

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

Neighborhood: Camino Lago South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,937
Property Tax -$442
Property Insurance -$85
HOA -$18
Property Management Fees -$99
CASH FLOW
-$431

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.

$525,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,169

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
  • $2,279

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2504$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 9554 W Albert Lane Peoria, AZ 1
    • 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8627 W Irma Lane Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 10544 W Alex Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 10618 W Lone Cactus Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 9950 W Via Del Sol -- Peoria, AZ 5
    • 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Devra S Tousley
Home America Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155901
Last Updated: 11/05/2020
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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