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15120 N 86th Drive Peoria, AZ 85381

2 Beds 2 Baths 1,641 sqft Built 1986

$279,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $170.57
  • 2 Days on Market
  • MLS # : 6156931
  • Updated Date : 11/06/2020 at 22:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully updated home in the gated community of Desert Harbor! Updated in 2018 with new paint, gray wood tile flooring in the baths, kitchen, and entryway. New carpeting in bedrooms and living room. Walk in closet in Master. Master bathroom and shower recently updated too! Gray cabinetry. Blinds included with new screens on the front windows. New A/C in 2019. New dishwasher in 2019. 2 separate living areas and 2 large bedrooms!Rocked/ landscaped backyard! OPEN HOUSE SATURDAY 11/7 10-2!!Close to shopping and restaurants near Arrowhead! Blinds, Washer and Dryer, and Refrigerator all included. Gorgeous gated community with lakes, pools, and many more ammenities!

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,033
Property Tax -$190
Property Insurance -$59
HOA -$162
Property Management Fees -$99
CASH FLOW
-$123

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.

$279,900

PROJECTED PRICE

$1,420

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,650

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
  • $1,510

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 15120 N 86th Drive Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8770 W Athens Street Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,391 Sqft ∙ Built 1987
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 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
    •  
  • 14418 N 87th Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Terri S Frye
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156931
Last Updated: 11/06/2020
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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