Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11626 N 81st Avenue Peoria, AZ 85345

4 Beds 2 Baths 1,501 sqft Built 2020

$335,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $223.18
  • 5 Days on Market
  • MLS # : 6175709
  • Updated Date : 01/22/2021 at 00:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,501 sqft
  • Baths : 2 full
Listing Agent

Tucson Realty Solutions

Listing Agent's Description

New Construction on Large Corner Lot with double gates in backyard. Stainless Steal Appliances and Granite Counter Tops throughout. Large double car garage. All Amenities are listed under the document tab.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Acacia

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Acacia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7291793

* 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
Peoria Elementary School Primary Regular 612 34 5
Peoria Elementary School Middle Regular 612 34 5
Peoria High School High Regular 1,511 67 3

Peoria Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
5
GreatSchools Rating

Peoria Elementary School

  • Education Level: Middle
  • # of students: 612
  • # of teachers: 34
5
GreatSchools Rating

Peoria High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,164
Property Tax -$182
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$101

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$335,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,775

INVESTMENT

$90,775

Down Payment
$83,750
Rehab Estimate
$2,000
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4254$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 11626 N 81st Avenue Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 11236 N 82nd Avenue Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,346 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,346 Sqft ∙ Built 2001
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 12970 N 87th Lane Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
  • 12973 N 88th Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 9681 N 82nd Lane Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2004
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mary Jane Kurkjian
Tucson Realty Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175709
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy