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10360 W Burnett Road Peoria, AZ 85382

2 Beds 2 Baths 1,171 sqft Built 1995

$235,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $200.68
  • 6 Days on Market
  • MLS # : 6177140
  • Updated Date : 01/08/2021 at 20:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,171 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Home Shows Immaculate! ..Great end lot for this charming home! 2 bed, 2 bath. Located in the Gardens at Ventana Lakes adult community. Vaulted ceilings in the spacious open floor plan. Carpet & tile in all the right places. Formal dining. The kitchen has oak cabinets, white appliances and breakfast bar seating. The laundry is off the kitchen. The master has a private entrance, two closets, 3/4 bath with double vanity. The backyard is a covered patio and desert landscaping. Community amenities! Close to shopping & dining. All Furnishing Available with separate bill of sale contract.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gardens at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $69k289k

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

Neighborhood: Gardens at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621793

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$816
Property Tax -$162
Property Insurance -$50
HOA -$64
Property Management Fees -$99
CASH FLOW
$18

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.

$235,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$14,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,095

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2754$1,2755$1,300
$1,300
RENT COMPS ANALYSIS
  • 10360 W Burnett Road Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19840 N 100th Drive Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.97
    •  
  • 20636 N 103rd Avenue Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 1997
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.95
    •  
  • 19850 N Turquoise Hills Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.90
    •  
  • 9832 W Behrend Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,417 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,417 Sqft ∙ Built 1986
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Dean W. Stevens
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177140
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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