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12006 N 79th Lane Peoria, AZ 85345

3 Beds 3 Baths 1,971 sqft Built 1989

$335,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $169.96
  • 2 Days on Market
  • MLS # : 6212584
  • Updated Date : 03/27/2021 at 19:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,971 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

WOW**Move in ready for you. Come and see this great home with NEW ROOF with 30 year Warranty**NEW CARPETING**Newer AC units in last 3 years* New toilets upstairs*Community Pool**LARGE CUL DE SAC lot* HOA takes care of front yard up to the small fence* New window screens*New Garage Door Opener and Springs**Termite Treatment with 5 year Warranty

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k289k

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

Neighborhood: Garden Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7661793

* 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 High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

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

Peoria High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,164
Property Tax -$182
Property Insurance -$66
HOA -$90
Property Management Fees -$99
CASH FLOW
$20

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.

$335,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$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$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
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

5.67

YEARS SAVED

$21,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,6203$1,6954$1,7255$1,849
$1,849
RENT COMPS ANALYSIS
  • 12006 N 79th Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.82
    •  
  • 12160 N 83rd Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.87
    •  
  • 8444 W Shaw Butte Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 8101 W Aster Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 7937 W Windrose Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1987
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.96
    •  
PROPERTY LISTING DETAILS
Marion Mcguire
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212584
Last Updated: 03/27/2021
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.

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