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13264 N 74th Lane Peoria, AZ 85381

5 Beds 3 Baths 3,385 sqft Built 1997

$449,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $132.91
  • 5 Days on Market
  • MLS # : 6173959
  • Updated Date : 12/30/2020 at 17:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,385 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

Wait till you see this home! It is stunning! Brand new carpet, brand new appliances, and redone cabinetry, and a fresh coat of interior paint on par with HGTV! The home is in amazing condition and is completely move in ready. 1 bed/ and bath downstairs can be used as a mother in law suite. 4 bedrooms upstairs with loft that can be used as an office space as well. The huge backyard is a clean slate for someone to come put in their ideal touches and to make it their dream oasis!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Sweetwater Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452118

* 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
Oakwood Elementary School Primary Regular 961 40 9
Oakwood Elementary School Middle Regular 961 40 9
Cactus High School High Regular 1,283 61 5

Oakwood Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Oakwood Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,660
Property Tax -$245
Property Insurance -$93
HOA -$0
Property Management Fees -$99
CASH FLOW
$833

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.

$449,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

14.17

YEARS SAVED

$121,323

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
  • $3,588

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 13264 N 74th Lane Peoria, AZ 1
    • 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12225 N 65th Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,307 Sqft ∙ Built 1981
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173959
Last Updated: 12/30/2020
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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