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13301 N 84th Avenue Peoria, AZ 85381

5 Beds 3 Baths 2,525 sqft Built 1992

$410,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $162.38
  • 3 Days on Market
  • MLS # : 6206513
  • Updated Date : 03/12/2021 at 20:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,525 sqft
  • Baths : 3 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

5 bedrooms and 3 baths - with a bed and bath down! Sounds like a great home looking for new owners!Step into this cared for home and be welcomed with warm neutral tones, wood floor and a feeling of relief! The kitchen invites you to create a meal to enjoy in the formal dining or the breakfast nook area. There is even a great window to look out of while in the kitchen! The backyard is ready to be customized to meet your needs and can be enjoyed by the spacious covered patio or from the deck out of the master bedroom! Upstairs features all new carpet, 4 bedrooms and a small loft (perfect fit for a desk and a couple chairs). Call for your private tour today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pivotal Peoria Center

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Pivotal Peoria Center

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181793

* 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
Peoria High School High Regular 1,511 67 3
Peoria High School High Unknown NA

Peoria High School

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

Peoria High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,424
Property Tax -$223
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
$178

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.

$410,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$42,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,127

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9993$2,0004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 13301 N 84th Avenue Peoria, AZ 3
    • 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1992 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 8004 W Eugie Avenue Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1994
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 8621 W Windrose Drive Peoria, AZ 2
    • 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.78
    •  
  • 14317 N 75th Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 8214 W Acoma Drive Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nikki Clas
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206513
Last Updated: 03/12/2021
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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