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10408 W Via Montoya Drive Peoria, AZ 85383

6 Beds 3 Baths 2,698 sqft Built 2005

INVESTimate

$394,900

List Price

$1,890

$1,701 - $2,079

Rent Est.

$419,739  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $146.37
  • 7 Days on Market
  • MLS # : 6119921
  • Updated Date : 08/20/2020 at 09:54
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,698 sqft
  • Baths : 3 full
Listing Agent

Revive Realty,llc

Listing Agent's Description

Rare Opportunity to own this Inviting Corner lot home that offers 6 bedrooms, 3 full baths, an Open Family room and a Large Dining area that could accommodate the entire family. Very functional floor plan: The downstairs includes Separate Guest quarters (1br & 1ba) right by the Front entrance & a BONUS ROOM by the Open kitchen (w/walk-in Pantry). Located right across the street from Carlota community park with basketball court, BBQ areas, play areas for the kids, walking paths and bike trails, the home has been partially Upgraded to include New paint, New tile/carpet flooring, some New faucets, and many more... The Good size backyard opens from the Covered patio through the Double patio doors. Minimal landscaping maintenance required. 3 garages for all the Toys. View it while it lasts!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Willow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452046

* 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
Sunset Heights Elementary School Primary Unknown 831 37 NA
Liberty High School High Regular 2,141 93 6

Sunset Heights Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 37
NA
GreatSchools Rating

Liberty High School

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

$355,410$434,390$394,900

PURCHASE PRICE

$1,701$2,079$1,890

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$0.0$5.0k$10k$15k

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 $1,890
EXPENSES Loan Payment -$1,457
Property Tax -$241
Property Insurance -$80
HOA -$38
Property Management Fees -$99
CASH FLOW
-$25

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.

$394,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,575

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
  • $1,949

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,7754$1,8005$2,095
$2,095
RENT COMPS ANALYSIS
  • 10408 W Via Montoya Drive Peoria, 1
    • 6 beds 3 baths ∙ 2,698 Sqft ∙ Built 2005 6 beds 3 baths ∙ 2,698 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9754 W Runion Drive Peoria, 2
    • 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 10282 W Los Gatos Drive Peoria, 3
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.70
    •  
  • 10326 W Foothill Drive Peoria, 4
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 11757 W Montana De Oro Drive Sun City, 5
    • 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
PROPERTY LISTING DETAILS
Marius Comarita
Revive Realty,llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119921
Last Updated: 08/20/2020
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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