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9850 W Chino Drive Peoria, AZ 85382

3 Beds 2 Baths 1,909 sqft Built 1987

$362,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $189.63
  • 3 Days on Market
  • MLS # : 6176246
  • Updated Date : 01/02/2021 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Homelife Ambassador Realty

Listing Agent's Description

Newly remodeled 3 bedroom 2 bathroom home. Split floorplan with huge master bedroom. Lots of indirect light, fireplace in living room area. NEW wood floors throughout (no carpet anywhere),NEW paint, NEW shutters and can lighting. Popcorn ceilings have been removed! Updated granite in the bathroom and kitchen countertops. Breakfast room has been extended (see floorplan in photos) Large private lot with covered patio, low maintenance yard, mature orange and grapefruit trees. Lovely entry into the neighborhood with golf course, clubhouse, and walking trails within walking distance from home. A must see! Make this your next home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Quail Ridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Quail Ridge at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9271793

* 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
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

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

$325,800$398,200$362,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,336
Property Tax -$197
Property Insurance -$62
HOA -$5
Property Management Fees -$99
CASH FLOW
$102

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.

$362,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,680

INVESTMENT

$101,680

Down Payment
$90,500
Rehab Estimate
$5,750
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,336

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,500
Loan Amount $271,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$38,494

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
  • $1,667

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 9850 W Chino Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9842 W Irma Lane Peoria, AZ 2
    • 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 3
    • 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
    •  
  • 9817 W Potter Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1997
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 9403 W Kerry Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1988
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tanya Arnold
Homelife Ambassador Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176246
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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