Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierra del Rio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
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
-
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
Keller Williams Realty Biltmore Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162027
Last Updated: 12/03/2020
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.
