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10347 W Alyssa Lane Peoria, AZ 85383

4 Beds 3 Baths 2,605 sqft Built 2016

$525,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $201.54
  • 19 Days on Market
  • MLS # : 6162027
  • Updated Date : 12/03/2020 at 17:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,605 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Discover spacious living in this GORGEOUS home with a dream backyard! All the bells & whistles here! Chef's kitchen with island, breakfast bar, granite counters, tile backsplash, brand new SS appliances & rich cabinetry will surely impress! Informal dining area overlooks the grand family room with slider that leads to the most amazing backyard with a BUILT IN BBQ, POOL, SPA & FIRE-PIT...not to mention the stunning mountain views! There is a bedroom & full bathroom downstairs for privacy! Upstairs you will find a HUGE bonus room, owner's suite with not one but 2 walk in closets, dual sinks, separate shower & tub! There are also 2 more bedrooms with walk in closets! All new upgraded patterned carpet & interior paint adorn this beauty! Close to hiking trails & breathtaking scenery!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k401k

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

Neighborhood: Tierra del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452128

* 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
Vistancia Elementary School Primary Regular 969 45 10
Vistancia Elementary School Middle Regular 969 45 10
Liberty High School High Regular 2,141 93 6

Vistancia Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Vistancia Elementary School

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 45
10
GreatSchools Rating

Liberty High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,937
Property Tax -$332
Property Insurance -$78
HOA -$81
Property Management Fees -$99
CASH FLOW
-$477

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.

$525,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1953$2,2004$2,3205$2,700
$2,700
RENT COMPS ANALYSIS
  • 10347 W Alyssa Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 26025 N 107th Drive Peoria, AZ 2
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2016
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 10568 W El Cortez Place Peoria, AZ 3
    • 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,721 Sqft ∙ Built 2013
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 26748 N 101st Lane Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2016
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.94
    •  
  • 9832 W Hedge Hog Place Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2004
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Crysty Wullbrandt
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162027
Last Updated: 12/03/2020
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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