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9857 W Chino Drive Peoria, AZ 85382

3 Beds 3 Baths 2,258 sqft Built 1987

$385,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $170.50
  • 5 Days on Market
  • MLS # : 6179092
  • Updated Date : 01/21/2021 at 19:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,258 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to Westbrook Village and the Lifestyle! This popular Pinnacle Peak model boasts a Large Kitchen with island and peninsula which is open to great room with fireplace. Formal Living/Dining room will complement all your entertaining needs. Master Retreat has private access from backyard with a show stopping bonus storage room equipped with built in cabinets. Master bath has been updated featuring a wheel in shower and granite counters. Grand entry that separates master bedroom from other guest bedrooms and bath. Laundry room is oversized with plenty of cabinets for storage 2 car extended garage . An outside patio, looks to a tastefully landscaped backyard with fruit trees. extra large side yard perfect of parking a golf cart. Once you enter this house you will know its 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,337
Property Tax -$209
Property Insurance -$71
HOA -$5
Property Management Fees -$99
CASH FLOW
$139

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.

$385,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.48%

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$36,861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,897

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7493$1,8004$1,8605$2,000
$2,000
RENT COMPS ANALYSIS
  • 9857 W Chino Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 9632 W Mary Ann Drive Peoria, AZ 1
    • 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
    •  
  • 9157 W Salter Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2001
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.85
    •  
  • 19606 N Palo Verde Drive Sun City, AZ 3
    • 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
Cyndi L Wilson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179092
Last Updated: 01/21/2021
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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