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10001 W Irma Lane Peoria, AZ 85382

4 Beds 2 Baths 2,313 sqft Built 1998

$399,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $172.89
  • 4 Days on Market
  • MLS # : 6195932
  • Updated Date : 02/19/2021 at 17:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

This beautiful ranch style home is located in the Parkridge Community close to schools, parks, groceries, and dinning options! The home features 4 bedrooms, 2 bathrooms, and 2,313 sq ft! With an split floor plan separating the large kitchen and family room from the bedrooms! The home flows from the entrance being greeted with tall ceilings flowing into the updated kitchen with a massive kitchen island and plenty of storage space and room to entertain! The living room is the gateway to the backyard which includes a great sized pool, 2 sections of turf grass, a patio and a hammock area! Don't miss out on viewing this great opportunity, schedule a showing today!!

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
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,389
Property Tax -$276
Property Insurance -$72
HOA -$4
Property Management Fees -$99
CASH FLOW
-$100

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.

$399,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,085

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
  • $1,856

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,8004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 10001 W Irma Lane Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9754 W Runion Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 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
    •  
  • 9881 W Melinda Lane Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 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
Jason L Penrose
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195932
Last Updated: 02/19/2021
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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