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9570 W Orchid Lane Peoria, AZ 85345

4 Beds 2 Baths 2,134 sqft Built 2002

$459,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $215.09
  • 4 Days on Market
  • MLS # : 6159421
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Pitchfork Property Brokers, Llc

Listing Agent's Description

There is plenty of space for you and your toys in this impeccably maintained 4 bedroom/2 bath. YOU CAN STORE YOUR RV AT THE HOUSE YEAR ROUND (with HOA approval), park the classic car in the 3rd garage or turn the shed into your own quiet retreat! Send the kids next door to play at the playground, or challenge them to a whiffle ball game in the park. Then cool off in the swimming pool or enjoy an evening of s'mores by the firepit. Step into your new home and fall in love with the spacious kitchen with plenty of storage space, a walk in pantry and SS appliances. The family room has a built in entertainment section with plenty of room to stretch out and watch a movie in surround sound. The bedrooms are large and the bathrooms are already upgraded! This home boasts numerous upgrades throughout

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Erin Groves

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k331k

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

Neighborhood: Erin Groves

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
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,694
Property Tax -$250
Property Insurance -$69
HOA -$18
Property Management Fees -$99
CASH FLOW
-$428

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.

$459,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.3%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5253$1,6004$1,7005$1,975
$1,975
RENT COMPS ANALYSIS
  • 9570 W Orchid Lane Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 9260 W Caron Circle Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 8995 W Townley Avenue Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2018
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.80
    •  
  • 9424 N 97th Drive Peoria, AZ 3
    • 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
    •  
  • 9819 W Butler Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christina Cline
Pitchfork Property Brokers, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159421
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.

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