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10353 W Bronco Trail Peoria, AZ 85383

4 Beds 2 Baths 2,176 sqft Built 2017

INVESTimate

$425,000

List Price

$2,110

$1,899 - $2,321

Rent Est.

$451,987  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $195.31
  • 6 Days on Market
  • MLS # : 6120704
  • Updated Date : 08/23/2020 at 09:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Great corner lot single story has 4 bed, 2 bath. Plank tile floors throughout the main areas. Spacious open floor plan is the perfect entertaining space! Eat-in kitchen has custom cabinets, beautiful granite counters, SS appliances, island with sink, dishwasher, breakfast bar seating and a walk-in pantry. Generous sized bedrooms have walk-in closets. Owner's suite has a full bath that includes a double vanity, soaking tub, separate walk-in shower with Rain and traditional shower head, his and her closets. The backyard has a covered patio and large brick paver patio. Low maintenance landscaping in front and back. LOCATION! Just seconds away from major shopping, restaurants, Lake Pleasant Regional Park, Paloma Park and major freeways. This beautiful home is move-in ready!

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
Parkridge Elementary School Primary Regular 896 41 9
Parkridge Elementary School Middle Regular 896 41 9
Sunrise Mountain High School High Regular 1,675 72 7

Parkridge Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Parkridge Elementary School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 41
9
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,899$2,321$2,110

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$1.4M

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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,568
Property Tax -$301
Property Insurance -$70
HOA -$55
Property Management Fees -$99
CASH FLOW
$17

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.

$425,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$29,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,350

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,110
1$2,1102$2,1953$2,1954$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10353 W Bronco Trail Peoria, 1
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.97
    •  
  • 10748 W Bronco Trail Peoria, 2
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 10831 W Bronco Trail Peoria, 3
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
  • 25214 N 106th Drive Peoria, 4
    • 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2019
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
  • 10783 W Whitehorn Way Peoria, 5
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Nicholas A Ortega
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120704
Last Updated: 08/23/2020
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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