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12612 N 79th Avenue Peoria, AZ 85381

3 Beds 2 Baths 1,506 sqft Built 1987

$300,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $199.20
  • 1 Days on Market
  • MLS # : 6185164
  • Updated Date : 01/24/2021 at 02:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Charming 3 bed, 2 bath with RV gates. Beautiful laminate wood floors throughout the home. Vaulted ceilings. The eat-in kitchen has expresso cabinets, granite counters, SS appliances, breakfast bar, and pantry cabinets. Sizable bedrooms.The primary bedroom has a 3/4 bath. Interior laundry. The backyard has a covered patio, storage shed. Walking distance to elementary school, Close to shopping, dining, and major freeways. This is a perfect starter or investment home, with NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dave Brown West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $114k358k

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

Neighborhood: Dave Brown West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9391981

* 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
Oasis Elementary School Primary Regular 803 38 7
Oasis Elementary School Middle Regular 803 38 7
Centennial High School High Regular 2,096 85 6

Oasis Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Oasis Elementary School

  • Education Level: Middle
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,042
Property Tax -$163
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$69

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.

$300,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,422

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
  • $1,359

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,4004$1,5005$1,539
$1,539
RENT COMPS ANALYSIS
  • 12612 N 79th Avenue Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7331 W Paradise Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 8547 W Shaw Butte Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 7923 W Shaw Butte -- Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1992
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 7647 W Yucca Street Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.92
    •  
PROPERTY LISTING DETAILS
Caitlin Cones
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185164
Last Updated: 01/24/2021
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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