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14223 N 91st Drive Peoria, AZ 85381

3 Beds 3 Baths 2,177 sqft Built 1992

$365,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $167.66
  • 5 Days on Market
  • MLS # : 6189371
  • Updated Date : 02/06/2021 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,177 sqft
  • Baths : 3 full
Listing Agent

Quantum Of Arizona

Listing Agent's Description

Move-in Ready Ryland Home in West Shore Community in Desert Harbor Lake includes Fishing & Boating, Rio Vista Park & Bike Paths. Features 8,233 sq ft lot, Green Grassy areas Front/Backyard Landscaping, Full-Length Covered Patio, & Large Storage Shed Included. Recently Installed Neutral tile thru-out the Downstairs & Bathrooms. Family Room features Cozy Fireplace. Carpeting Upstairs 3 Bedrooms & Large Loft. Kitchen has Granite Countertops, SS Appliances, Bonus 2 yrs New Fridge, Sink Window Overlooks Backyard, Bay Window, Walk- In Pantry. New Sink & Fixtures in the Bathrooms, Tile Flooring. Master Bath Double Sinks, Separate Shower/Tub. All Curtains & Hardware Included. Recently Installed A/C upstairs. Spacious 3 Car features Garage w/Cabinets and Shelving. Soft Water Loop Close to Freeway

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Shore

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k303k

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

Neighborhood: West Shore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9921793

* 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
Centennial High School High Regular 2,096 85 6
Centennial High School High Unknown NA

Centennial High School

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

Centennial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,268
Property Tax -$248
Property Insurance -$70
HOA -$7
Property Management Fees -$99
CASH FLOW
$129

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$33,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6993$1,7504$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 14223 N 91st Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.84
    •  
  • 14565 N 90th Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 9023 W Mauna Loa Lane Peoria, AZ 2
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1993
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.82
    •  
  • 15061 N 90th Drive Peoria, AZ 3
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 8933 W Kathleen Road Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1994
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
David Patterson
Quantum Of Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189371
Last Updated: 02/06/2021
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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