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13403 W Blackstone Lane Peoria, AZ 85383

2 Beds 2 Baths 1,965 sqft Built 2018

$537,500

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $273.54
  • 18 Days on Market
  • MLS # : 6189875
  • Updated Date : 02/16/2021 at 02:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,965 sqft
  • Baths : 2 full
Listing Agent

Realty Arizona Elite Group, Llc

Listing Agent's Description

Shea's MOST POPULAR floorplan! This SPECTACULAR Mosaic home is only 2 years old - light/bright & PRISTINE w/quality upgrades. Shows like a BRAND NEW home w/BEAUTIFUL curb appeal & PURE LUXURY inside! Gourmet kitchen features staggered SHAKER STYLE CABINETS w/larger crown, roll-outs, GRANITE C-TOPS w/DESIGNER BACKSPLASH, SS GAS appl, LARGE BREAKFAST ISLAND, soft close drawers/door & pendant lighting. Stunning WOOD LOOK TILE, PLANTATION SHUTTERS & tall baseboards THRU-OUT! Great room, dining & master bedroom overlook the private backyard. Master Bath is upgraded w/GRANITE c-tops, framed mirrors & undermount sinks. 2nd bedroom has a 4 ft extension & bath w/granite ctops & vessel sink. CUSTOM Smart Space w/TONS OF CABINETS, GRANTE C/TOPS, desk & laundry sink. Step outside to a PRIVATE backyard

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k409k

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

Neighborhood: Vistancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452283

* 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
 

$483,750$591,250$537,500

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,867
Property Tax -$321
Property Insurance -$65
HOA -$86
Property Management Fees -$99
CASH FLOW
-$368

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.

$537,500

PROJECTED PRICE

$2,070

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,188

INVESTMENT

$148,188

Down Payment
$134,375
Rehab Estimate
$5,750
Closing Costs
$8,063

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,867

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,375
Loan Amount $403,125
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,8004$2,0705$2,500
$2,500
RENT COMPS ANALYSIS
  • 13403 W Blackstone Lane Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,926 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,926 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.07
    •  
  • 29302 N 130th Glen Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2008
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 13039 W Red Fox Road Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 27582 N 129th Lane Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,635 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 13154 W Morning Vista Drive Peoria, AZ 5
    • 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Evelyn Saracco
Realty Arizona Elite Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189875
Last Updated: 02/16/2021
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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