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12110 N 85th Avenue Peoria, AZ 85345

3 Beds 3 Baths 2,210 sqft Built 1998

$350,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $158.37
  • 3 Days on Market
  • MLS # : 6152807
  • Updated Date : 11/07/2020 at 17:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,210 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Coming Soon! Large 3 bedroom, 2.5 bath + loft home with a beautiful backyard and pool! Don't miss your chance to own this over 2200 sq ft home that also boasts a 2 car garage plus a third garage bay that was converted to a studio (but can easily be converted back) with some updates and upgrades throughout, and a ton of potential to enhance it further!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Bridlewood

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,291
Property Tax -$190
Property Insurance -$70
HOA -$36
Property Management Fees -$99
CASH FLOW
$63

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.

$350,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$31,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,779

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6954$1,6995$1,750
$1,750
RENT COMPS ANALYSIS
  • 12110 N 85th Avenue Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 8585 W Sierra Street Peoria, AZ 1
    • 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2001
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 8916 W Paradise Drive Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 11972 N 85th Avenue Peoria, AZ 3
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 8463 W Rue De Lamour Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.83
    •  
PROPERTY LISTING DETAILS
Amanda Pikul
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152807
Last Updated: 11/07/2020
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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