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14418 N 87th Drive Peoria, AZ 85381

2 Beds 2 Baths 1,444 sqft Built 1997

$289,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $200.76
  • 5 Days on Market
  • MLS # : 6177713
  • Updated Date : 01/06/2021 at 23:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

Arizona Western Realty,llc

Listing Agent's Description

Wonderful home in Desert Harbor. 2 large bedrooms, plus a den that can easily be converted into a 3rd bedroom. Tile in heavy traffic areas. Master bedroom has double sinks, separate tub and shower and walk in closet. Light and bright great room. All appliances included. Enjoy the view of the lake from your backyard. Community pool is located across the street from the home. Home is being sold as is.Spa does not work

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Cove at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Diamond Cove at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8611981

* 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
Desert Harbor Elementary School Primary Regular 753 41 8
Desert Harbor Elementary School Middle Regular 753 41 8
Centennial High School High Regular 2,096 85 6

Desert Harbor Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Desert Harbor Elementary School

  • Education Level: Middle
  • # of students: 753
  • # of teachers: 41
8
GreatSchools Rating

Centennial High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,007
Property Tax -$200
Property Insurance -$55
HOA -$12
Property Management Fees -$99
CASH FLOW
$107

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.

$289,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$25,621

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
  • $1,367

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1253$1,1504$1,350
$1,350
RENT COMPS ANALYSIS
  • 14418 N 87th Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12407 N Cantata Court Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1979
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.97
    •  
  • 9711 W Forrester Drive Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 8762 W Saint John Road Peoria, AZ 4
    • 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,391 Sqft ∙ Built 1986
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nora Vaughn
Arizona Western Realty,llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177713
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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