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19108 N 97th Lane Peoria, AZ 85382

2 Beds 2 Baths 1,202 sqft Built 1984

$236,650

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $196.88
  • 2 Days on Market
  • MLS # : 6163379
  • Updated Date : 11/21/2020 at 09:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,202 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Come see this beautifully updated unit in Westbrook Village's Edgewater Park. Split floor plan - 2 bedrooms, 2 full baths, 2 car garage. Home features new cabinets and granite counters in kitchen and baths, Plantation shutters throughout, screened in patio, laminate wood flooring. Swim & relax year round in the heated community pool & spa. Community also features tennis courts and two 18-hole golf courses. This is an adult community. AND, as an added buyer incentive, seller will pay 1 year of HOA dues. This one won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Edgewater Park at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k289k

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

Neighborhood: Edgewater Park at Westbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651793

* 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
 

$212,985$260,315$236,650

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$873
Property Tax -$129
Property Insurance -$51
HOA -$319
Property Management Fees -$99
CASH FLOW
-$260

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.

$236,650

PROJECTED PRICE

$1,210

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,462

INVESTMENT

$68,462

Down Payment
$59,163
Rehab Estimate
$5,750
Closing Costs
$3,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$873

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,163
Loan Amount $177,488
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,202

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2003$1,2004$1,2105$1,350
$1,350
RENT COMPS ANALYSIS
  • 19108 N 97th Lane Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,202 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,202 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.01
    •  
  • 19840 N 100th Drive Sun City, AZ 1
    • 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1977
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.97
    •  
  • 9530 W Willowbrook Drive Sun City, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1978
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 10407 W Sombrero Circle Sun City, AZ 3
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 9640 W Wescott Drive Peoria, AZ 5
    • 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1983
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kristine Lopez
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163379
Last Updated: 11/21/2020
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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