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15118 N 86th Lane Peoria, AZ 85381

2 Beds 2 Baths 1,414 sqft Built 1986

$335,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $237.55
  • 2 Days on Market
  • MLS # : 6182083
  • Updated Date : 01/16/2021 at 20:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,414 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully laid out 2 bedroom, 2 bathroom waterfront home in Peoria, AZ is now on the market. There are vaulted ceilings throughout the estate, and the beamed architecture in the sunlit living room is everlasting and elegant. The comfortable kitchen is contemporary in design with white and grey subway tile, recessed overhead lighting, and an optional breakfast bar. Double doors lead to the well-proportioned primary bedroom, and it's sleek picture windows let in plenty of light. The ensuite primary bathroom has a walk-in closet, skylight, and an open spa shower with a seating bench. The backyard is roomy, secluded, and backs up to the watercourse. If you're looking for one of kind home that doesn't look at a brick wall, this may be the spot for you.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lake Point at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lake Point at Desert Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9731981

* 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
 

$302,310$369,490$335,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,167
Property Tax -$229
Property Insurance -$55
HOA -$27
Property Management Fees -$99
CASH FLOW
-$116

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.

$335,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.43%

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

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$94,764

INVESTMENT

$94,764

Down Payment
$83,975
Rehab Estimate
$5,750
Closing Costs
$5,039

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,975
Loan Amount $251,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,197

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
  • $1,290

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,3504$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 15118 N 86th Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13625 N 98th Avenue #a Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,141 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,141 Sqft ∙ Built 1972
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 9231 W Greenway Road Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1971
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 9519 W Hidden Valley Circle Sun City, AZ 4
    • 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 1972
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 14217 N Bolivar Drive Sun City, AZ 5
    • 2 beds 2 baths ∙ 1,479 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,479 Sqft ∙ Built 1971
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182083
Last Updated: 01/16/2021
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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