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12963 N 93rd Drive Peoria, AZ 85381

3 Beds 2 Baths 1,516 sqft Built 2014

$325,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $214.38
  • 2 Days on Market
  • MLS # : 6173116
  • Updated Date : 12/19/2020 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

MASK REQUIRED to enter. Rarely available neighborhood! Close to shopping, restaurants, theatre, parks, Rio Vista Rec Center, Westgate, Spring Training, medical, hospitals & more. Loaded with upgrades, including 20'' diagonal set tile, over-height kitchen cabinets, water softener, walk in pantry, granite counters & more! You'll love entertaining in the great room open to the Chef's Dream Kitchen with large island, walk-in pantry, smooth-top range, granite counters and more. The split plan give the master suite total privacy, it has a large walk-in and custom tile surround shower. Ceiling fans through out. The fabulous backyard has a covered patio and huge extended patio... perfect out door living space to relax & entertain.You will love coming home to this beautifully upgraded property!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Plaza del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k292k

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

Neighborhood: Plaza del Rio

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
Sky View Elementary School Primary Regular 469 30 5
Sky View Elementary School Middle Regular 469 30 5
Peoria High School High Regular 1,511 67 3

Sky View Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Sky View Elementary School

  • Education Level: Middle
  • # of students: 469
  • # of teachers: 30
5
GreatSchools Rating

Peoria High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,199
Property Tax -$211
Property Insurance -$57
HOA -$77
Property Management Fees -$99
CASH FLOW
-$102

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.

$325,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 1.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$13,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5004$1,5355$1,540
$1,540
RENT COMPS ANALYSIS
  • 12963 N 93rd Drive Peoria, AZ 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.02
    •  
  • 8761 W Wood Drive Peoria, AZ 1
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2007
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 12970 N 87th Lane Peoria, AZ 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
  • 12973 N 88th Drive Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 8749 W Pershing Avenue Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2007
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.95
    •  
PROPERTY LISTING DETAILS
Susan B Salamone
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173116
Last Updated: 12/19/2020
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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