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14602 N 72nd Drive Peoria, AZ 85381

4 Beds 2 Baths 2,788 sqft Built 1973

$539,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $193.33
  • 3 Days on Market
  • MLS # : 6184658
  • Updated Date : 01/23/2021 at 16:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,788 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Country living in the heart of the city! This home sits on OVER ONE ACRE, has FOUR bedrooms, two bathrooms, a FOUR CAR TANDEM GARAGE AND a one car separate garage, TWO LIVING ROOMS (one with double sided fireplace), 2788 SQ FT,RV GATE with PARKING and a HEATED GINORMOUS DIVING POOL!!! The neighborhood is amazing!!! Everyone looks out for one another...it has a small town feel yet smack dab in the city hub!!! Arrowhead Mall, Peoria Sports Complex, Peoria Eighty Three, State Farm Stadium, Top Golf are all closeby. This home sits amongst homes up to $900,000 in value so you can put money into this place and really make it yours without fear of over building!!! Bring your horses, bring your toys!!! NO HOA!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Inland Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k406k

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

Neighborhood: Inland Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452228

* 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
Paseo Verde Elementary School Primary Regular 840 43 7
Paseo Verde Elementary School Middle Regular 840 43 7
Cactus High School High Regular 1,283 61 5

Paseo Verde Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Paseo Verde Elementary School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 43
7
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,872
Property Tax -$328
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
$9

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.

$539,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.44%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$31,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,379

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,3903$2,4004$2,495
$2,495
RENT COMPS ANALYSIS
  • 14602 N 72nd Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,788 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,788 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.86
    •  
  • 6601 W Crocus Drive Glendale, AZ 1
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1987
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 14317 N 75th Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 8214 W Acoma Drive Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
David R Fuller
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184658
Last Updated: 01/23/2021
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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