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10414 W Sands Drive Peoria, AZ 85383

4 Beds 2 Baths 2,318 sqft Built 2006

$370,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $159.62
  • 5 Days on Market
  • MLS # : 6147785
  • Updated Date : 10/30/2020 at 21:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,318 sqft
  • Baths : 2 full
Listing Agent

Elite Real Estate, Llc

Listing Agent's Description

Incredible single story home located in the highly sought after community of Casa Del Rey in Peoria, AZ! This home has 4 bedrooms, 2 bathrooms, plus den with beautiful built in cabinets and multiple desks, perfect for a home office or virtual school! The master bedroom and 2 additional bedrooms have brand new carpet. Windowsills and window coverings throughout the home, along with ceiling fans in all bedrooms, den, family room & patio! Crown Molding in the living room, family room, kitchen, master bedroom & master bathroom. The exterior of the home was freshly painted in December 2018. All bathrooms have brand new plumbing fixtures and new toilets. The kitchen has a new faucet and new R/O System and is open to the family room. Step outside to the private backyard to find the covered patio

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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,365
Property Tax -$226
Property Insurance -$72
HOA -$13
Property Management Fees -$99
CASH FLOW
$45

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.

$370,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$30,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,976

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,8953$1,9504$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 10414 W Sands Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.79
    •  
  • 9852 W Quail Avenue Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 22218 N 104th Avenue Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 9881 W Melinda Lane Peoria, AZ 4
    • 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 9983 W Los Gatos Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
Diana Buonincontro
Elite Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147785
Last Updated: 10/30/2020
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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