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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $195.74
- 2 Days on Market
- MLS # : 6179119
- Updated Date : 01/09/2021 at 19:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,997 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
A charming 4 bedroom, 2.5 bathroom home nestled in Peoria, AZ is awaiting new owners. This homey sun-filled 2 story abode has vaulted ceilings and stylish tile on the main floor. The cozy design gives the spacious living room a light and airy feel. The kitchen has neutral classic cabinets that pair well with the island and the recessed modern lighting. The large picture windows in the breakfast nook are also found in the shared dining room area. The spacious primary bedroom has clean lines and a connecting bathroom. This lovely primary bathroom features a separate shower, a relaxing tub, and double sinks. The landscaped backyard is good sized and includes a pool, perfect for keeping cool on hot summer days. Minutes from Wacker Park, lots of shopping and dining, and the 101 freeway.
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PRICE & RENT TRENDS
Neighborhood: Palo Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palo Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,358 |
| Property Tax | -$213 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$125
|
||
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.
$390,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,339
LOAN DETAILS
$1,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,725 |
| Loan Amount | $293,175 |
7.17
YEARS SAVED
$34,094
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 -
$0.93
LIST RENT PER SQFT
-
$1,867
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
13430 N 81st Drive Peoria, AZ 3
- 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,860
- $0.93
-
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
![property image]()
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
![property image]()
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
![property image]()
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
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,995
- $0.96
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179119
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
