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13560 N 81st Drive Peoria, AZ 85381

4 Beds 3 Baths 1,997 sqft Built 1995

INVESTimate

$319,900

List Price

$1,680

$1,512 - $1,848

Rent Est.

$342,613  ( +7.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $160.19
  • 6 Days on Market
  • MLS # : 6120844
  • Updated Date : 08/21/2020 at 16:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,997 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Charming two-story in NO HOA featuring 4 beds/2.5 baths, 1,997 square feet, 2-car garage, ceiling fans throughout, inside laundry & maintenance-free front & back yards. Lots of recent updates in 2020 including full interior & exterior paint, carpet, full roof underlayment & water heater. Also, A/C replacement in 2015. The main level offers formal living/dining room, powder room, & family room off of the kitchen. The kitchen features an island, breakfast bar, pantry, & refinished white cabinets. Upstairs is a huge master retreat w/ vaulted ceilings & an en-suite bathroom w/dual sinks, separate shower/tub, private toilet room & walk-in closet. Next, are 3 more spacious bedrooms & one bathroom w/ dual sinks & shower/tub combo. Huge backyard! SUPERB LOCATION close to 101 & P83 shopping/dining!

SEE MORE

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,180
Property Tax -$174
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$161

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.

$319,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.10%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$39,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5993$1,6954$1,6995$1,725
$1,725
RENT COMPS ANALYSIS
  • 13560 N 81st Drive Peoria, 1
    • 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8119 W Corrine Drive Peoria, 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1989
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.83
    •  
  • 7845 W Pershing Avenue Peoria, 3
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1986
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 8463 W Rue De Lamour Avenue Peoria, 4
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.83
    •  
  • 8101 W Aster Drive Peoria, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Brock Ludolph
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120844
Last Updated: 08/21/2020
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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