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13161 W Avenida Del Rey -- Peoria, AZ 85383

4 Beds 3 Baths 2,257 sqft Built 2016

$459,999

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $203.81
  • 2 Days on Market
  • MLS # : 6206773
  • Updated Date : 03/13/2021 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

RARE FIND,THIS 4 BEDROOM 2.5 BATHROOM HOME BOASTS AN OPEN FLOOR PLAN,WITH SPLIT BEDROOMS.THE LARGE KITCHEN FEATURES GRANITE COUNTERTOPS AND A LARGE CENTER ISLAND,A PANTRY IN THE KITCHEN AND THE INSIDE LAUNDRY ROOM PROVIDE A LOT OF STORAGE.THE MASTER SUITE HAS 2 WALK IN CLOSETS AND A VERY LARGE MASTER BATHROOM.THE ADDITIONAL OFFICE SPACE IS PRE WIRED FOR ALL YOUR OFFICE NEEDS.THE SLIDING DOORS LEAD YOU OUT TO THE COVERED BACKYARD OASIS WITH ARTIFICIAL TURF AND A SALTWATER POOL WITH MOUNTAIN VIEWS FOR YOUR LEISURE TIME.THE 3 CAR GARAGE IS DEEP AND PROVIDES PLENTY OF ADDITIONAL STORAGE.ENJOY ALL THAT THIS QUIET NEIGHBORHOOD OFFERS WITH THE EASY ACESS TO SHOPPING AND FINE DINING.ANY OFFERS RECIEVED 3/12-3/15 WILL BE REVIEWED ON MONDAY 3/15/21

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k358k

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

Neighborhood: Rancho Cabrillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Liberty High School High Regular 2,141 93 6
Liberty High School High Unknown NA

Liberty High School

  • Education Level: High
  • # of students: 2,141
  • # of teachers: 93
6
GreatSchools Rating

Liberty High School

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

$413,999$505,999$459,999

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,598
Property Tax -$317
Property Insurance -$71
HOA -$55
Property Management Fees -$99
CASH FLOW
-$169

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.

$459,999

PROJECTED PRICE

$1,970

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $344,999
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9704$2,0505$2,250
$2,250
RENT COMPS ANALYSIS
  • 13161 W Avenida Del Rey -- Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.87
    •  
  • 13218 W Lariat Lane W Peoria, AZ 1
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2014
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 13651 W Paso Trail Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2017
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 13562 W Desert Moon Way Peoria, AZ 4
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2017
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
  • 13545 W Desert Moon Way Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2017
    property image
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Daniel Simpson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206773
Last Updated: 03/13/2021
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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