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18915 N 87th Drive Peoria, AZ 85382

3 Beds 3 Baths 2,307 sqft Built 1991

$499,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $216.30
  • 2 Days on Market
  • MLS # : 6176345
  • Updated Date : 01/02/2021 at 08:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,307 sqft
  • Baths : 2 full , 1 half
Listing Agent

Giv Realty, Llc

Listing Agent's Description

Rare Find - Malibu Model Home on the Golf Course in Phase 2 of Westbrook Village, only about a 1 minute walk to the Community Center and All Amenities. The Double Door Entry leads to Beautiful Wood Floors with Soaring Vaulted Ceilings, Plantation Shutters and New Carpet in all Bedrooms. Open Eat-In Kitchen has LOTS of cabinet space and includes all appliances. The Spacious Master Suite features upgraded bathroom tile flooring, private toilet/shower room and custom closet shelving. Bedroom 2 has custom closet shelving. Large Laundry Room, Garage Cabinets & Large Attic Storage. Relax in beautiful backyard with gorgeous views, grass & citrus. Westbrook Village features Golf, Tennis, Community Center with Pool & Spa, Workout Facility, Activities and much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tamarron Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k392k

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

Neighborhood: Tamarron Place at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Apache Elementary School Primary Regular 756 38 8
Apache Elementary School Middle Regular 756 38 8
Sunrise Mountain High School High Regular 1,675 72 7

Apache Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Apache Elementary School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 38
8
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 1,675
  • # of teachers: 72
7
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,841
Property Tax -$271
Property Insurance -$72
HOA -$5
Property Management Fees -$99
CASH FLOW
-$188

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.

$499,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,122

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 18915 N 87th Drive Peoria, AZ 5
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 7983 W Tonopah Drive Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 8378 W Pontiac Drive Peoria, AZ 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 20870 N 91st Drive Peoria, AZ 3
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 20277 N 93rd Avenue Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2000
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Nathan Wade
Giv Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176345
Last Updated: 01/02/2021
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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