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13381 N 82nd Drive Peoria, AZ 85381

4 Beds 3 Baths 2,070 sqft Built 1994

$325,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $157.00
  • 2 Days on Market
  • MLS # : 6178615
  • Updated Date : 01/09/2021 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Location. Location Location! Single family home with 4 beds, 3 baths, 2 car-garage, no HOA, large backyard with RV gate, and a storage shed. Home is featured with French door, formal living and dinning room, vaulted ceiling, nice light features, engineered hardwood floor, accented paints, stainless steel kitchen appliances, upgraded bathroom amenities, ceiling fans. Master's bedroom upstairs. with separate shower and bath, and walk-in closet. Large backyard (is enough for your own design landscaping or private pool). Easy access to loop 101, Grand Ave, P83- business and entertainment centers, West Gate, ASU West, Banner hospitals, Peoria Unified School District, and more. Seller's credit is available.***Owner/agent***Current monthly rent is $1,700/month. Lease will be expired by 3/31/21.

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PRICE & RENT TRENDS

Neighborhood: Palo Verde

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Palo Verde

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
Oasis Elementary School Primary Regular 803 38 7
Oasis Elementary School Middle Regular 803 38 7
Centennial High School High Regular 2,096 85 6

Oasis Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Oasis Elementary School

  • Education Level: Middle
  • # of students: 803
  • # of teachers: 38
7
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,096
  • # of teachers: 85
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,129
Property Tax -$177
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$388

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.

$325,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$57,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,8604$1,8755$1,995
$1,995
RENT COMPS ANALYSIS
  • 13381 N 82nd Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.90
    •  
  • 8101 W Aster Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 7938 W Dahlia Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1988
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 7958 W Surrey Avenue Peoria, AZ 4
    • 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1986
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
  • 13620 N 82nd Lane Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1995
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michelle Pham
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178615
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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