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

13062 N 88th Avenue Peoria, AZ 85381

3 Beds 3 Baths 1,624 sqft Built 2006

$289,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.51
  • 5 Days on Market
  • MLS # : 6172311
  • Updated Date : 01/07/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome Home to this move-in ready 3 bed/2.5 bath home in a gated community in Peoria! Home has been incredibly well cared for and it shows! Open concept floorplan with tile flooring, neutral paint and 9' ceilings really help open up the space! Kitchen offers mahogany cabinets, granite counters & backsplash, top of the line stainless steel appliances, pantry and breakfast bar. Owners suite has designer paint accents, walk-in closet, dual sinks w/ granite counters & linen closet. Upstairs laundry room!! Home sits on the 2nd biggest lot in the community with lush green grass, built-in firepit and a large paved pad perfect for your own private sports court! Great location just minutes from Arrowhead, P83 shopping & entertainment district and easy access to the 101 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Baskett Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $95k289k

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

Neighborhood: Baskett Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6971793

* 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,007
Property Tax -$161
Property Insurance -$59
HOA -$88
Property Management Fees -$99
CASH FLOW
$76

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.

$289,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,482

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4754$1,4905$1,535
$1,535
RENT COMPS ANALYSIS
  • 13062 N 88th Avenue Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.92
    •  
  • 8547 W Shaw Butte Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997
    property image
    LEASED 05/01/20
    • 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
    •  
  • 8748 W Wood Drive Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2007
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
  • 8749 W Pershing Avenue Peoria, AZ 5
    • 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
Carin S Nguyen
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172311
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy