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10025 W Angels Lane Peoria, AZ 85383

4 Beds 3 Baths 2,364 sqft Built 2016

$500,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $211.51
  • 2 Days on Market
  • MLS # : 6187788
  • Updated Date : 01/30/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is your opportunity to own a gorgeous, single story, open layout concept home with beautiful upgrades and design features. Beautiful plank tile throughout the living spaces and bathrooms and upgraded carpet in the bedrooms. Recessed lighting and ceiling fans with two tone neutral paint throughout the home. A designer kitchen offers two walk in pantries, granite countertops, and spacious island. Built in cabinetry and custom doors create a wonderful home office. A fully landscaped backyard will provide lush grass and a pergola over a paved patio space. The home sits in a cul-de-sac within walking distance to the community pool and parks. Located in the NW Valley in the highly desirable Peoria School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $93k449k

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

Neighborhood: Camino Lago

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452237

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,737
Property Tax -$295
Property Insurance -$73
HOA -$80
Property Management Fees -$99
CASH FLOW
-$244

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.

$500,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,027

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0404$2,0505$2,300
$2,300
RENT COMPS ANALYSIS
  • 10025 W Angels Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.86
    •  
  • 9852 W Quail Avenue Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 9881 W Melinda Lane Peoria, AZ 2
    • 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
    •  
  • 9983 W Los Gatos Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
  • 9886 W Salter Drive Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kristin Beasley
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187788
Last Updated: 01/30/2021
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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