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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $194.25
- 2 Days on Market
- MLS # : 6163179
- Updated Date : 11/28/2020 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,982 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Check out this beautiful single level home in the beautiful Peoria Az! Upgraded 3 bedroom/2 bath home with a large den/office with a Barn Door. Fully landscaped backyard and on a premium north/south lot. Over $40k in builder upgrades. A gourmet designer kitchen which opens to the family room offers granite counters, extended cabinetry for additional storage, under mount sink, stainless steel appliances, pendant lighting, espresso staggered cabinets, backsplash and a large pantry. The master suite boosts a separate shower and garden tub, dual raised sinks and walk in closet. Window coverings, recessed can lighting, carpet in bedrooms and tile in high traffic areas. The backyard has an extended covered patio with a shaded northern exposure and large grassy area. Close to shopping and freeway
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PRICE & RENT TRENDS
Neighborhood: Tierra del Rio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierra del Rio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$288 | |
| Property Insurance | -$66 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$222
|
||
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.
$385,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
2.5
YEARS SAVED
$8,893
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,818
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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10778 W Yearling Road Peoria, AZ 1
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- $0
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10752 W Briles Road Peoria, AZ 2
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2014
LEASED 03/01/20- Rent
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- $1,600
- $0.90
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10737 W Desert Elm Lane Peoria, AZ 3
- 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
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10752 W Rowel Road Peoria, AZ 4
- 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
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10831 W Bronco Trail Peoria, AZ 5
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.04
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163179
Last Updated: 11/28/2020
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.
