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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Rancho Cabrillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Cabrillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,147
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,498 |
| Loan Amount | $382,493 |
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
-
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
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193506
Last Updated: 02/24/2021
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.
