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11523 N 85th Drive Peoria, AZ 85345

4 Beds 2 Baths 2,229 sqft Built 1999

$395,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $177.21
  • 4 Days on Market
  • MLS # : 6162498
  • Updated Date : 11/20/2020 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,229 sqft
  • Baths : 2 full
Listing Agent

Diaz Realty

Listing Agent's Description

Beautiful, Well Maintained Single Level Home with Great Curb Appeal. 10 Ft. Ceilings throughout with Fresh New Paint.Open Kitchen/Dining with Granite Countertops, Large Pantry. New GE Stainless Steel Kitchen Appliances & Disposal. The Backyard is an Oasis with a Pebble-Tech Pool and A Fully equipped Tiki Bar. Large Covered Patio. This Move-In ready home has New Coretec Pro-Galaxy Vinyl Plank Flooring with all new Baseboards. Updated Door Hardware, Electrical and Lighting Fixtures. Large Bedrooms with Ample Closets. The 3 Car Garage is abundant in storage and has New Chamberlain Door Openers. This Community of Silvercreek has a Large Park and close access to P83 and all that it Offers. Thank you for Showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ryland at Silvercreek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Ryland at Silvercreek

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
Cheyenne Elementary School Primary Regular 709 37 5
Cheyenne Elementary School Middle Regular 709 37 5
Peoria High School High Regular 1,511 67 3

Cheyenne Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 37
5
GreatSchools Rating

Cheyenne Elementary School

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 37
5
GreatSchools Rating

Peoria High School

  • Education Level: High
  • # of students: 1,511
  • # of teachers: 67
3
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,457
Property Tax -$215
Property Insurance -$71
HOA -$14
Property Management Fees -$99
CASH FLOW
-$216

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.

$395,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,772

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,6504$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 11523 N 85th Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.74
    •  
  • 8585 W Sierra Street Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 8916 W Paradise Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 8129 W Laurel Lane Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 1998
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 11972 N 85th Avenue Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
Frank Diaz
Diaz Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162498
Last Updated: 11/20/2020
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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