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9935 W Mohawk Lane Peoria, AZ 85382

3 Beds 2 Baths 1,632 sqft Built 1996

$359,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $220.53
  • 2 Days on Market
  • MLS # : 6178908
  • Updated Date : 01/09/2021 at 23:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full
Listing Agent

Homes Etc & Property Mgmnt

Listing Agent's Description

Beautiful single story 3 Bed/ 2 Bath/ 3 Car Garage on a oversized Lot with spacious open floor plan! MOVE IN READY! New paint throughout. Eat-in kitchen with bay window, breakfast bar, SS appliances, RO, quartz counters w/ mosaic glass back splash & pull out shelves. Living area & kitchen have plantation shutters. All new ceiling fans & fixtures throughout. Brand new vinyl plank flooring throughout with 25 year warranty. Spacious Master has en-suite, brand new walk-in shower, double sinks, huge walk-in closet & private exit to large back patio with beautiful backyard! Has a large wrap around patio & 3 Car Garage w/ extra room, heated and cooled for Hobby/ Storage Area! Pristine home with RV gate. Close to shopping, dining, entertainment, the 303, 60 &101 freeways make easy commute! More

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,250
Property Tax -$248
Property Insurance -$59
HOA -$5
Property Management Fees -$99
CASH FLOW
-$41

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.

$359,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,436

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5504$1,5755$1,620
$1,620
RENT COMPS ANALYSIS
  • 9935 W Mohawk Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.99
    •  
  • 10505 W Tonopah Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1989
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 20493 N 94th Avenue Peoria, AZ 2
    • 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
    •  
  • 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
    •  
  • 9855 W Salter Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
PROPERTY LISTING DETAILS
Bert Humphries
Homes Etc & Property Mgmnt
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178908
Last Updated: 01/09/2021
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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