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11345 W Prickly Pear Trail Peoria, AZ 85383

3 Beds 2 Baths 2,335 sqft Built 2003

$639,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $274.05
  • 1 Days on Market
  • MLS # : 6182168
  • Updated Date : 01/17/2021 at 01:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,335 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

NEW LISTING... This home features 1.38 acres of horse property NO HOA, with mature desert landscaping and trees on a water drip system. Bring all your toys the entire backyard is fenced and offers 3 RV gates for all your boats, Razors, ATV's, trailers, RVs and horses. The outside also features storage units, ramadas to store all your toys and avoid sun damage, it even has a dog house. Extended patio to enjoy the beautiful sunrise and sunsets from your backyard. The inside of the home features 2,335 square feet with a 3 bedroom/2 bath plus Den and a 4 car with ductwork installed garage. The home features a split bedroom plan with the Master Bedroom featuring an office space or nursery spot and a private entrance door from the carport. The master bath features a separate shower and tub,

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Zip Code: 85383

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452202

* 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
Lake Pleasant Elementary School Primary Regular 425 24 9
Lake Pleasant Elementary School Middle Regular 425 24 9
Liberty High School High Regular 2,141 93 6

Lake Pleasant Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Lake Pleasant Elementary School

  • Education Level: Middle
  • # of students: 425
  • # of teachers: 24
9
GreatSchools Rating

Liberty High School

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

$575,910$703,890$639,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$2,223
Property Tax -$440
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$785

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.

$639,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$318

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
  • $1,886

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,9004$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 11345 W Prickly Pear Trail Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11928 W El Cortez Place W Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 26114 N 121st Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 12115 W Range Mule Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 10814 W Avenida Del Rey -- Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jesse Lee Abarca
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182168
Last Updated: 01/17/2021
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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