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14560 N 87th Drive Peoria, AZ 85381

3 Beds 3 Baths 1,783 sqft Built 1998

$320,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $179.47
  • 2 Days on Market
  • MLS # : 6154891
  • Updated Date : 11/02/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,783 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

WATERFRONT PROPERTY WITH VIEWS. A TRANQUIL SETTING ON THE SHORE IN SOUGHT AFTER DESERT HARBOR'S COMMUNITY OF DIAMOND COVE. ENJOY GLISTENING EVENINGS WITH TWINKLING LIGHTS FRAMING THIS PICTURESQUE SETTING. GO HOME TO RELAXATION, PEACE AND FUN. ALL THIS WITHIN AN EASY DRIVE TO THE LOOP 101,

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,181
Property Tax -$217
Property Insurance -$62
HOA -$11
Property Management Fees -$99
CASH FLOW
-$30

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.

$320,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.48%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$19,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,542

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,5003$1,5004$1,5405$1,650
$1,650
RENT COMPS ANALYSIS
  • 14560 N 87th Drive Peoria, AZ 4
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.86
    •  
  • 9126 W Maui Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1988
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.88
    •  
  • 8775 W Marconi Avenue Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1995
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 14547 N 87th Avenue Peoria, AZ 3
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1999
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 8977 W Tierra Buena Lane Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1993
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Gary Fenton
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154891
Last Updated: 11/02/2020
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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