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13350 W Briles Road Peoria, AZ 85383

3 Beds 3 Baths 1,953 sqft Built 2021

$509,990

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $261.13
  • 5 Days on Market
  • MLS # : 6193506
  • Updated Date : 02/24/2021 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,953 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Affordable new construction homes with Peoria address and Peoria schools! Features: Oversized Lot! 4 Panel sliding door from great room to covered patio, double gate, gas stub for future BBQ, pavered driveway, walkway and entry. Cultured marble walk-in shower at master bathroom. Stainless steel dishwasher, gas range, and microwave. White & silver gray shaker style cabinets with 42'' uppers at kitchen, executive height vanities, and deco door at island. Silestone countertops at kitchen, with tile backplash. 8' interior doors. Electrical upgrades throughout, including ceiling fan and pendant prewiring, additional recessed lighting, and upgraded vanity fixtures. Upgraded floor tile and carpet/carpet pad throughout. Garage door opener included.

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
 

$458,991$560,989$509,990

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,771
Property Tax -$351
Property Insurance -$65
HOA -$55
Property Management Fees -$99
CASH FLOW
-$362

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$509,990

PROJECTED PRICE

$1,980

PROJECTED RENT

0.39%

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) 3.00%
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

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$137,147

INVESTMENT

$137,147

Down Payment
$127,498
Rehab Estimate
$2,000
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,498
Loan Amount $382,493
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8753$1,8954$1,9805$2,050
$2,050
RENT COMPS ANALYSIS
  • 13350 W Briles Road Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.01
    •  
  • 13126 W Lariat Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 26508 N 132nd Lane Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2015
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.03
    •  
  • 13144 W Lariat Lane Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2014
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 13562 W Desert Moon Way Peoria, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ashley Pickens
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193506
Last Updated: 02/24/2021
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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