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9826 W Rimrock Drive Peoria, AZ 85382

3 Beds 3 Baths 2,238 sqft Built 1985

$449,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $200.63
  • 6 Days on Market
  • MLS # : 6204538
  • Updated Date : 03/13/2021 at 18:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,238 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

GORGEOUS WESTBROOK VILLAGE HOME* RECENTLY REMODELED* 2238 SQ FT* 3 BEDROOMS* 2.5 BATHROOMS* CUL DE SAC CORNER LOT* FRESH NEUTRAL EXTERIOR PAINT* BEAUTIFUL GRANITE SLAB COUNTERTOPS IN GOURMET KITCHEN W/ STONE BACKSPLASH* GRANITE BATHROOM COUNTERTOPS * REMODELED MASTER SHOWER W/ GLASS DOORS & MOSIAC UPGRADED TILE* 2 NEWER TRANE 15 SEER AC UNITS & 2 TRANE TEMP 6 AIR HANDLERS (2017)* NEWER INTERIOR AC DUCTWORK* NEWER SLIDING GLASS DOOR IN FAMILY RM* REMODELED 3 BATHROOMS W/ NEW SINK FAUCETS, TOILETS & SHOWER HEADS & HANDLES* NEWER UTILITY SINK IN LAUNDRY RM* NEWER CEILING FANS* NEWER GARAGE DOOR* STAINLESS STEEL LG REFRIGERATOR INC* FRONT LOAD LG WASHER & DRYER INC* NEWER LUSH LANDSCAPING ADDED* SURGE PROTECTOR ADDED* HIGHLY DESIRABLE VENTURA MODEL* GREAT OPEN & BRIGHT FLOOR PLAN*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heatherbrook at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Heatherbrook at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9201793

* 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
Sunrise Mountain High School High Regular 1,675 72 7
Sunrise Mountain High School High Unknown NA

Sunrise Mountain High School

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

Sunrise Mountain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,560
Property Tax -$244
Property Insurance -$71
HOA -$5
Property Management Fees -$99
CASH FLOW
-$148

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.

$449,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$16,206

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
  • $1,830

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7954$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 9826 W Rimrock Drive Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9632 W Mary Ann Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 19808 N Cherry Tree Lane Sun City, AZ 3
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1977
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 19606 N Palo Verde Drive Sun City, AZ 4
    • 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1978
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 20038 N 98th Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1988
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Steve Williams
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204538
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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