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7307 W Surrey Avenue 
Peoria, AZ
85381
3 Beds 2 Baths 1,898 sqft
Built 1997
INVESTimate
$355,000
List Price
$99,825
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $187.04
- 2 Days on Market
- MLS # : 6122267
- Updated Date : 08/25/2020 at 08:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,898 sqft
- Baths : 2 full
Listing Agent
Epic Home Realty
Listing Agent's Description
This Gorgeous 3 BD, 2 BA home in Sweetwater Ridge is move in ready and a must see! Located on a great street, in a desirable neighborhood just walking distance to the nearby park, this home has a split floor plan, a large great room with a cozy gas fireplace and large back windows. The kitchen has a gas cook top, stainless appliances and plenty of cabinets! The covered back patio overlooks the grassy backyard and includes a built-in barbecue, a fire pit and the side storage shed stays. The 2 car garage has built in cabinets in an extended area with room to park your smaller toys! Walk-in closet in the master, cabinets in the laundry room and the washer and dryer are included. The HOA is only $35 per year, this home is priced right and won't last long! WELCOME HOME!
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PRICE & RENT TRENDS
Neighborhood: Sweetwater Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sweetwater Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$193 | |
| Property Insurance | -$64 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$188
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$355,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
3.08
YEARS SAVED
$10,119
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
-
$1,666
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7307 W Surrey Avenue Peoria, 1
- 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6784 W Wethersfield Road Peoria, 2
- 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2015
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
7527 W Sweetwater Avenue Peoria, 3
- 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1991
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,725
- $0.89
-
7635 W Charter Oak Road Peoria, 4
- 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2010
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
-
7138 W Bloomfield Road Peoria, 5
- 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1987
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
PROPERTY LISTING DETAILS
Epic Home Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122267
Last Updated: 08/25/2020
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.
