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10311 W Foothill Drive Peoria, AZ 85383

5 Beds 3 Baths 2,822 sqft Built 2005

INVESTimate

$379,900

List Price

$1,990

$1,791 - $2,189

Rent Est.

$403,796  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $134.62
  • 7 Days on Market
  • MLS # : 6120035
  • Updated Date : 08/21/2020 at 10:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,822 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous Engle home on N/S lot with 5bd-3bath & huge Loft in prestigious North Peoria subdivision. Soaring ceilings, tons of windows, light & bright. Excellent open floor plan, spacious backyard. Downstairs bedroom w/ bath. The home features maple cabs, iron & wood staircase railing, window ceils & ceiling fans. Gourmet kitchen w/ gas range, under-mount sink, s/s appliances, granite cntrs., breakfast bar, pantry & breakfast rm. Formal Drm is currently used as an extra FRM. Two car GA features B/I cabinets, overhead storage racks, water softener. Walking distance to 5-parks w/ B-ball crts. Close to golf, boating at lake pleasant, golf, shopping, restaurants, and excellent schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Willow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452046

* 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
Sunset Heights Elementary School Primary Unknown 831 37 NA
Liberty High School High Regular 2,141 93 6

Sunset Heights Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 37
NA
GreatSchools Rating

Liberty High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,402
Property Tax -$232
Property Insurance -$82
HOA -$38
Property Management Fees -$99
CASH FLOW
$137

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.

$379,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$39,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,166

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9903$2,2504$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 10311 W Foothill Drive Peoria, 2
    • 5 beds 3 baths ∙ 2,822 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,822 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.71
    •  
  • 10326 W Foothill Drive Peoria, 1
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 10544 W Alex Avenue Peoria, 3
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 10618 W Lone Cactus Drive Peoria, 4
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2003
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 9950 W Via Del Sol -- Peoria, 5
    • 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
B J Cole
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120035
Last Updated: 08/21/2020
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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