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10818 W Swayback Pass Peoria, AZ 85383

3 Beds 2 Baths 2,138 sqft Built 2016

INVESTimate

$389,000

List Price

$1,920

$1,728 - $2,112

Rent Est.

$413,701  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $181.95
  • 7 Days on Market
  • MLS # : 6120077
  • Updated Date : 08/21/2020 at 21:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,138 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Located in the beautiful community of Tierra Del Rio, this home is modern, spacious and immaculate, with inviting curb appeal and a low maintenance front yard. The floorplan is spacious & open, with a split bedroom layout & archways that add to the modern feeling architecture of the home. Features include the following: Neutral 20 inch tile in all rooms, except bedrooms, newly painted light grey & blue modern color scheme, separate living room off the entry, gorgeous island kitchen with light grey quartz countertops and staggered white cabinets, a bonus built in serving buffet with tons of extra counter/cabinet space, modern pendant lighting, stainless steel gas stove, microwave & dishwasher, deep basin sink, updated brushed nickel faucet, breakfast bar and eat in kitchen area. The kitchen

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
Zuni Hills Elementary School Primary Regular 849 40 7
Zuni Hills Elementary School Middle Regular 849 40 7
Liberty High School High Regular 2,141 93 6

Zuni Hills Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Zuni Hills Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Liberty High School

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

$350,100$427,900$389,000

PURCHASE PRICE

$1,728$2,112$1,920

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,435
Property Tax -$265
Property Insurance -$69
HOA -$55
Property Management Fees -$99
CASH FLOW
-$3

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.

$389,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$25,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9203$2,1954$2,1955$2,195
$2,195
RENT COMPS ANALYSIS
  • 10818 W Swayback Pass Peoria, 2
    • 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.90
    •  
  • 10728 W Brooklite Lane Peoria, 1
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2016
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 25172 N 106th Drive Peoria, 3
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2019
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 10748 W Bronco Trail Peoria, 4
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2017
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 10831 W Bronco Trail Peoria, 5
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2016
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
PROPERTY LISTING DETAILS
Tara Alves
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120077
Last Updated: 08/21/2020
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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