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9572 W Mary Ann Drive Peoria, AZ 85382

3 Beds 2 Baths 1,504 sqft Built 1998

$310,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $206.12
  • 2 Days on Market
  • MLS # : 6174117
  • Updated Date : 12/26/2020 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,504 sqft
  • Baths : 2 full
Listing Agent

Retsy

Listing Agent's Description

CHARMING, WELL MAINTAINED 3 BEDROOM HOME IN SOUGHT-AFTER AREA OF PARKRIDGE, NORTH PEORIA. NEW LAMINATE PLANK FLOORING THROUGHOUT, WITH CARPET IN BEDROOMS 2 & 3. KITCHEN OPENS UP TO DINING/FAMILY AREA WITH PLANTATION SHUTTERS ON THE WINDOWS. MODERN ARCADIA DOOR LEADS TO THE SCREENED-IN COVERED PATIO. BACK YARD HAS A GRASS AREA FOR KIDS AND FUR BABIES, AND A SMALL FIRE PIT. MASTER BATH HAS A NEWLY RENOVATED SHOWER, SEPARATE GARDEN TUB, TWIN SINKS, SEP TOILET ROOM AND A WALK-IN CLOSET. CEILING FANS THROUGHOUT HOME. NEW STAINLESS STEEL APPLIANCES, AND 2 YEAR OLD FRIDGE WITH WATER SYSTEM CONVEYS. RV GATE. JUST A SHORT DRIVE TO 101 FWY, DEEM HILLS REC AREA, SHOPPING, RESTAURANTS, PEORIA SPORTS COMPLEX, ARROWHEAD ENTERTAINMENT CENTER, ARROWHEAD MALL, AND RIO VISTA COMMUNITY PARK.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k306k

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

Neighborhood: Parkridge

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
Parkridge Elementary School Primary Regular 896 41 9
Parkridge Elementary School Middle Regular 896 41 9
Sunrise Mountain High School High Regular 1,675 72 7

Parkridge Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Parkridge Elementary School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,144
Property Tax -$214
Property Insurance -$57
HOA -$4
Property Management Fees -$99
CASH FLOW
$43

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.

$310,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$27,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,354

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,5605$1,595
$1,595
RENT COMPS ANALYSIS
  • 9572 W Mary Ann Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.04
    •  
  • 20493 N 94th Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 9759 W Mohawk Lane Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 9842 W Irma Lane Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 9625 W Tonopah Drive Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1998
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Glenda M Morrison
Retsy
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174117
Last Updated: 12/26/2020
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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