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9602 N 82nd Glen Peoria, AZ 85345

3 Beds 3 Baths 1,401 sqft Built 2005

$260,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $185.58
  • 6 Days on Market
  • MLS # : 6166294
  • Updated Date : 12/02/2020 at 13:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful move in ready home in amazing location! Located minutes away from shopping and dining options at West Gate Entertainment District, Parkwest Entertainment District, the Cardinals Stadium, Gila River Arena, Desert Diamond Casino, Pioneer Community park, freeway access and so much more! This home has been freshly updated with modern finishes, open concept floor plan, new flooring, refinished kitchen cabinets, updated master bathroom and a NEW A/C. You won't want to miss this opportunity

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Madison Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $77k289k

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

Neighborhood: Madison Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7951793

* 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
Alta Loma Elementary School Primary Regular 837 41 4
Alta Loma Elementary School Middle Regular 837 41 4
Raymond S. Kellis High School High Regular 1,928 75 4

Alta Loma Elementary School

  • Education Level: Primary
  • # of students: 837
  • # of teachers: 41
4
GreatSchools Rating

Alta Loma Elementary School

  • Education Level: Middle
  • # of students: 837
  • # of teachers: 41
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$959
Property Tax -$141
Property Insurance -$55
HOA -$65
Property Management Fees -$99
CASH FLOW
-$89

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.

$260,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,306

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3003$1,3254$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 9602 N 82nd Glen Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.88
    •  
  • 9651 N 81st Drive Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 9557 N 82nd Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
  • 8041 W Caron Drive Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2000
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 8552 W Vogel Avenue Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1997
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
PROPERTY LISTING DETAILS
Peter Sandoval
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166294
Last Updated: 12/02/2020
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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