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10400 W Alyssa Lane Peoria, AZ 85383

4 Beds 3 Baths 2,119 sqft Built 2016

INVESTimate

$449,900

List Price

$1,720

$1,548 - $1,892

Rent Est.

$478,469  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $212.32
  • 9 Days on Market
  • MLS # : 6119255
  • Updated Date : 08/25/2020 at 09:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,119 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Nestled at the base of Calderwood Butte in the premier Northlands community sits one truly beautiful gem. This Sapphire model boasts nothing but the finest upgrades that have all been completed in the last year, which means no ''builder-grade'' basics! The hand-built stone fireplace & elegant wood-look plank flooring are just the beginning of what you'll enjoy. W/ 4 beds, a den & 3 FULL baths, you will make the absolute most of the space you have. The PAID FOR 7.8 kw solar system will make enjoying the ice cold air conditioning guilt free and make you rejoice when you see your ridiculously low power bills. The Calderwood trail head is just minutes walking distance from your doorstep, so take a morning hike and then cool off in the pool. Don't spare a moment and come make this your home!

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,548$1,892$1,720

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

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 $1,720
EXPENSES Loan Payment -$1,660
Property Tax -$291
Property Insurance -$68
HOA -$81
Property Management Fees -$99
CASH FLOW
-$479

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.

$449,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.38%

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,8503$1,8504$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 10400 W Alyssa Lane Peoria, 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.81
    •  
  • 10737 W Desert Elm Lane Peoria, 2
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2014
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 10752 W Rowel Road Peoria, 3
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 10398 W Rosewood Lane Peoria, 4
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2015
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 27284 N Skipping Rock Road Peoria, 5
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2015
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nate Brill
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119255
Last Updated: 08/25/2020
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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