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10513 W Yukon Drive Peoria, AZ 85382

2 Beds 2 Baths 1,477 sqft Built 1989

$350,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $236.97
  • 4 Days on Market
  • MLS # : 6174155
  • Updated Date : 12/26/2020 at 08:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

WATER FRONT REMODELED This is a wonderfully remodeled waterfront property in the highly sought after adult community of Ventana Lakes. Very open and bright. Vaulted ceilings and wood shutters through out. Kitchen upgraded with smooth top stove, granite counter tops with undermount sink. Breakfast nook. Great room with dining area, lots of windows, fireplace and sliding door to a hidden patio area. Master bedroom includes a bay window to enjoy the lake, backyard and birds. Walking fully tiled shower plus garden tub and his/hers closets with full length mirrored doors. Two car garage with lots of extra space. Washer, dryer and refrigerator stay too! Community includes Tennis Courts, Workout Facility, nine lakes and much, much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shores at Ventana Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Shores 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,291
Property Tax -$241
Property Insurance -$56
HOA -$32
Property Management Fees -$99
CASH FLOW
-$220

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.

$350,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,731

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
  • $1,322

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,1994$1,2455$1,275
$1,275
RENT COMPS ANALYSIS
  • 10513 W Yukon Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 1989
    • 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
    •  
  • 19222 N Pierson Road Sun City, AZ 3
    • 2 beds 3 baths ∙ 1,441 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,441 Sqft ∙ Built 1971
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.83
    •  
  • 18626 N Welk Drive Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.88
    •  
  • 19850 N Turquoise Hills Drive Sun City, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Joe Bourland
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174155
Last Updated: 12/26/2020
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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