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15244 N 67th Drive Peoria, AZ 85381

3 Beds 2 Baths 1,615 sqft Built 2002

$319,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $198.08
  • 3 Days on Market
  • MLS # : 6167536
  • Updated Date : 12/04/2020 at 08:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full
Listing Agent

Cramer & Associates R.e.

Listing Agent's Description

Wonderful home in awesome Glendale location. Located on quiet cul-de-sac lot next to Glendale Thunderbird city park along Arizona Canal Wash that is a bike ride from Arrowhead/P83 Shopping & Dining. Great floorplan has front living room formal dining. Eat-in kitchen has island, newer stainless smooth-top stove. micro, dishwasher & fridge. Rear family room. Master bedrm has garden tub & separate shower. Park like backyard had extended patio with mature shade trees. Newer a/c. Just a block from community park with ramada & kids tot lot.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k289k

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

Neighborhood: Sahuaro

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9491793

* 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
Pioneer Elementary School Primary Regular 400 28 5
Pioneer Elementary School Middle Regular 400 28 5
Cactus High School High Regular 1,283 61 5

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Pioneer Elementary School

  • Education Level: Middle
  • # of students: 400
  • # of teachers: 28
5
GreatSchools Rating

Cactus High School

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

$287,910$351,890$319,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,180
Property Tax -$192
Property Insurance -$59
HOA -$11
Property Management Fees -$99
CASH FLOW
-$131

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$319,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4103$1,5454$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 15244 N 67th Drive Peoria, AZ 2
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.87
    •  
  • 6807 W Sherri Jean Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 7385 W Fargo Drive Peoria, AZ 3
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
  • 16021 N 65th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2020
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 15231 N 66th Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1998
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tommy P Cramer
Cramer & Associates R.e.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167536
Last Updated: 12/04/2020
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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