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11324 W Puget Avenue Peoria, AZ 85345

2 Beds 2 Baths 1,174 sqft Built 1985

$227,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $193.36
  • 5 Days on Market
  • MLS # : 6166497
  • Updated Date : 12/03/2020 at 10:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,174 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome Home to this beautiful 2 bedroom, 2 bath home with NO HOA. This is the perfect starter home or investors dream!!! This home boasts an open floor plan, large kitchen with plenty of counter space and walk- in pantry, vaulted ceilings, large closets, and new faucets/fixtures. Great backyard perfect for entertaining. You don't want to miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Barclays Suncliff

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k289k

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

Neighborhood: Barclays Suncliff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7761793

* 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
Country Meadows Elementary School Primary Regular 1,179 53 4
Country Meadows Elementary School Middle Regular 1,179 53 4
Raymond S. Kellis High School High Regular 1,928 75 4

Country Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Country Meadows Elementary School

  • Education Level: Middle
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$204,300$249,700$227,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$838
Property Tax -$123
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$40

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$227,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,905

INVESTMENT

$65,905

Down Payment
$56,750
Rehab Estimate
$5,750
Closing Costs
$3,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$838

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,750
Loan Amount $170,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$13,553

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
  • $1,139

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9253$9504$1,1505$1,275
$1,275
RENT COMPS ANALYSIS
  • 11324 W Puget Avenue Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8601 N 103rd Avenue #177 Peoria, AZ 2
    • 2 beds 2 baths ∙ 961 Sqft ∙ Built 1986 2 beds 2 baths ∙ 961 Sqft ∙ Built 1986
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.96
    •  
  • 11020 W Cumberland Drive Sun City, AZ 3
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1967 2 beds 1 baths ∙ 984 Sqft ∙ Built 1967
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.97
    •  
  • 11414 W Puget Avenue Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1986
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.98
    •  
  • 10328 W Kelso Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 1968
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.97
    •  
PROPERTY LISTING DETAILS
Julie Calza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166497
Last Updated: 12/03/2020
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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